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1023 N Lucas Dr, Grapevine, TX 76051

3 beds • 2 baths • 1664 sqft

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This property looks like a bad Airbnb investment with a projected -16.26% first-year return on $110k initial cash invested.

-16.26%

Cash On Cash

2.06%

Cap Rate

0.35

DSCR

$2,477

Rent

-$1,496

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$440k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$110k

Downpayment

20%

$88,000

Closing costs

1%

$4,400

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,477

Total Expenses

$3,973

Mortgage P&I

87%

$2,153

Property Taxes

19%

$477

Home Insurance

6%

$154

HOA

0%

$0

Property Management

15%

$372

CapEx

4%

$99

Vacancy

0%

$0

Maintenance

4%

$99

Other

25%

$619

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