REI Lense

REI Lense

1711 N 3rd St, Abilene, TX 79603

3 beds • 3 baths • 2288 sqft • 2 units

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This property could be a profitable Airbnb investment with a projected 29.57% first-year return on $64,599 initial cash invested.

29.57%

Cash On Cash

16.37%

Cap Rate

2.5

DSCR

$5,646

Rent

$1,592

Cashflow

Cash Flow

$5,646 income − $4,054 expenses = $1,592 cash flow

Income$5,646P&I$1,20921%Taxes$551%Insurance$791%Mgmt$84715%CapEx$2264%Maint.$2264%Other$1,41225%Cash Flow$1,592

Investment Breakdown

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Purchase Price

$222k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,599

Downpayment

20%

$44,380

Closing costs

1%

$2,219

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$5,646

Total Expenses

$4,054

Mortgage P&I

21%

$1,209

Property Taxes

1%

$55

Home Insurance

1%

$79

HOA

0%

$0

Property Management

15%

$847

CapEx

4%

$226

Vacancy

0%

$0

Maintenance

4%

$226

Other

25%

$1,412

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Comparable Property

Rent

ADR

Beds

Baths

Distance

Uptown Merchant

$5,052

$173

2

2

0.11 mi

Quiet and Quaint

$2,657

$91

2

1

0.24 mi

Merchant House· Abilene · Long-Term Stay Discounts

$4,468

$153

2

1

0.34 mi

Projection Charts

Investment Value YoY

See Abilene, TX short-term rental market →

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