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1021 N Montgomery St, Gilmer, TX 75644

3 beds • 3 baths • 1880 sqft

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This property looks like a bad Airbnb investment with a projected -8.89% first-year return on $71,697 initial cash invested.

-8.89%

Cash On Cash

3.75%

Cap Rate

0.64

DSCR

$2,057

Rent

-$531

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,057 income − $2,588 expenses = $531 out of pocket

Income$2,057Out of Pocket$531Mortgage P&I$1,24861%Property Taxes$26213%Insurance$914%Management$30915%CapEx$824%Maintenance$824%Other$51425%

Investment Breakdown

|

Purchase Price

$256k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,697

Downpayment

20%

$51,140

Closing costs

1%

$2,557

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,057

Total Expenses

$2,588

Mortgage P&I

61%

$1,248

Property Taxes

13%

$262

Home Insurance

4%

$91

HOA

0%

$0

Property Management

15%

$309

CapEx

4%

$82

Vacancy

0%

$0

Maintenance

4%

$82

Other

25%

$514

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