REI Lense

REI Lense

$1,801 (target)

979 Vz County Road 3415, Wills Point, TX 75169

3 beds • 2 baths • 1632 sqft

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This property could be a profitable Long-Term investment with a projected 15.22% first-year return on $26,250 initial cash invested.

15.22%

Cash On Cash

10.68%

Cap Rate

1.61

DSCR

$1,801

Rent

$333

Cashflow

Cash Flow

$1,801 income − $1,468 expenses = $333 cash flow

Income$1,801P&I$68938%Taxes$26715%Insurance$442%Mgmt$18010%CapEx$905%Vacancy$1086%Maint.$905%Cash Flow$333

Investment Breakdown

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Purchase Price

$125k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$26,250

Downpayment

20%

$25,000

Closing costs

1%

$1,250

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,801

Total Expenses

$1,468

Mortgage P&I

38%

$689

Property Taxes

15%

$267

Home Insurance

2%

$44

HOA

0%

$0

Property Management

10%

$180

CapEx

5%

$90

Vacancy

6%

$108

Maintenance

5%

$90

Other

0%

$0

See Wills Point, TX long-term rental market →

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