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17490 Fm 47, Wills Point, TX 75169

3 beds • 2 baths • 2204 sqft

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This property looks like a bad Airbnb investment with a projected -14.15% first-year return on $103k initial cash invested.

-14.15%

Cash On Cash

2.57%

Cap Rate

0.44

DSCR

$2,650

Rent

-$1,219

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,650 income − $3,869 expenses = $1,219 out of pocket

Income$2,650Out of Pocket$1,219Mortgage P&I$1,98475%Property Taxes$45617%Insurance$1576%Management$39815%CapEx$1064%Maintenance$1064%Other$66225%

Investment Breakdown

|

Purchase Price

$407k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$103k

Downpayment

20%

$81,300

Closing costs

1%

$4,065

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,650

Total Expenses

$3,869

Mortgage P&I

75%

$1,984

Property Taxes

17%

$456

Home Insurance

6%

$157

HOA

0%

$0

Property Management

15%

$398

CapEx

4%

$106

Vacancy

0%

$0

Maintenance

4%

$106

Other

25%

$662

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