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1602 Park Pl, Irving, TX 75061

3 beds • 2 baths • 1224 sqft

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This property could be a profitable Airbnb investment with a projected 10.91% first-year return on $68,421 initial cash invested.

10.91%

Cash On Cash

10.09%

Cap Rate

1.67

DSCR

$4,652

Rent

$622

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,652 income − $4,030 expenses = $622 cash flow

Income$4,652Mortgage P&I$1,21126%Property Taxes$50011%Insurance$862%Management$69815%CapEx$1864%Maintenance$1864%Other$1,16325%Cash Flow$622

Investment Breakdown

|

Purchase Price

$240k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,421

Downpayment

20%

$48,020

Closing costs

1%

$2,401

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$4,652

Total Expenses

$4,030

Mortgage P&I

26%

$1,211

Property Taxes

11%

$500

Home Insurance

2%

$86

HOA

0%

$0

Property Management

15%

$698

CapEx

4%

$186

Vacancy

0%

$0

Maintenance

4%

$186

Other

25%

$1,163

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