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233 E James St, Wills Point, TX 75169

3 beds • 2 baths • 1804 sqft

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This property looks like a bad Airbnb investment with a projected -4.82% first-year return on $70,500 initial cash invested.

-4.82%

Cash On Cash

5.2%

Cap Rate

0.85

DSCR

$2,409

Rent

-$283

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,409 income − $2,692 expenses = $283 out of pocket

Income$2,409Out of Pocket$283Mortgage P&I$1,27153%Property Taxes$1787%Insurance$884%Management$36115%CapEx$964%Maintenance$964%Other$60225%

Investment Breakdown

|

Purchase Price

$250k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,500

Downpayment

20%

$50,000

Closing costs

1%

$2,500

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,409

Total Expenses

$2,692

Mortgage P&I

53%

$1,271

Property Taxes

7%

$178

Home Insurance

4%

$88

HOA

0%

$0

Property Management

15%

$361

CapEx

4%

$96

Vacancy

0%

$0

Maintenance

4%

$96

Other

25%

$602

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