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1832 Phillips Springs Rd, Gladewater, TX 75647

3 beds • 2 baths • 1802 sqft

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This property looks like a bad Airbnb investment with a projected -3.33% first-year return on $72,390 initial cash invested.

-3.33%

Cash On Cash

5.75%

Cap Rate

0.94

DSCR

$3,020

Rent

-$201

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,020 income − $3,221 expenses = $201 out of pocket

Income$3,020Out of Pocket$201Mortgage P&I$1,32044%Property Taxes$36012%Insurance$913%Management$45315%CapEx$1214%Maintenance$1214%Other$75525%

Investment Breakdown

|

Purchase Price

$259k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,390

Downpayment

20%

$51,800

Closing costs

1%

$2,590

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,020

Total Expenses

$3,221

Mortgage P&I

44%

$1,320

Property Taxes

12%

$360

Home Insurance

3%

$91

HOA

0%

$0

Property Management

15%

$453

CapEx

4%

$121

Vacancy

0%

$0

Maintenance

4%

$121

Other

25%

$755

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