OFF-MARKETSingle Family Residence
2902 Jasmine Lane
Killeen
4 bd · 2 ba · 1,890 sqft
Acquisitions note
Buy & Hold: Low entry price enables strong yield potential. At rent levels of ~$1.6K–$1.8K per month, this home can deliver healthy cap rates in line with investor returns in local market. Subto Entry $35k (includes reinstating arrears) Principal Balance: $167,628.84 Interest Rate: 3.625% Maturity Date: 7/1/2051 PITI: 1599.72
Cap rate · unlevered
9.2%
Cash-on-cash · 70% LTV
13.4%
Purchase price$220,000
Net cap rate9.2%
Gross cap rate15.0%
Monthly cash flow$841/mo
Underwriting numbers are estimates based on local market data. Buyer must perform their own diligence.