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1608 Norman St, Wichita Falls, TX 76302

3 beds • 2 baths • 1796 sqft

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This property looks like a bad Airbnb investment with a projected -9.1% first-year return on $61,869 initial cash invested.

-9.1%

Cash On Cash

4.04%

Cap Rate

0.65

DSCR

$2,066

Rent

-$469

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,066 income − $2,535 expenses = $469 out of pocket

Income$2,066Out of Pocket$469Mortgage P&I$1,08953%Property Taxes$36618%Insurance$884%Management$31015%CapEx$834%Maintenance$834%Other$51625%

Investment Breakdown

|

Purchase Price

$209k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,869

Downpayment

20%

$41,780

Closing costs

1%

$2,089

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,066

Total Expenses

$2,535

Mortgage P&I

53%

$1,089

Property Taxes

18%

$366

Home Insurance

4%

$88

HOA

0%

$0

Property Management

15%

$310

CapEx

4%

$83

Vacancy

0%

$0

Maintenance

4%

$83

Other

25%

$516

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