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2100 Lake Crest Ln, Wills Point, TX 75169

3 beds • 3 baths • 2758 sqft

$1,550,000

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This property looks like a bad Airbnb investment with a projected -26.94% first-year return on $344k initial cash invested.

-26.94%

Cash On Cash

-0.02%

Cap Rate

0

DSCR

$2,209

Rent

-$7,713

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,209 income − $9,922 expenses = $7,713 out of pocket

Income$2,209Out of Pocket$7,713Mortgage P&I$7,599344%Property Taxes$67230%Insurance$54225%HOA$502%Management$33115%CapEx$884%Maintenance$884%Other$55225%

Investment Breakdown

|

Purchase Price

$1550k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$344k

Downpayment

20%

$310k

Closing costs

1%

$15,500

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$2,209

Total Expenses

$9,922

Mortgage P&I

344%

$7,599

Property Taxes

30%

$672

Home Insurance

25%

$542

HOA

2%

$50

Property Management

15%

$331

CapEx

4%

$88

Vacancy

0%

$0

Maintenance

4%

$88

Other

25%

$552

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