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2911 Wichita St, Houston, TX 77004

3 beds • 4 baths • 2506 sqft

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This property looks like a bad Airbnb investment with a projected -16.09% first-year return on $116k initial cash invested.

-16.09%

Cash On Cash

2.41%

Cap Rate

0.4

DSCR

$3,196

Rent

-$1,562

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,196 income − $4,758 expenses = $1,562 out of pocket

Income$3,196Out of Pocket$1,562Mortgage P&I$2,37674%Property Taxes$68421%Insurance$1645%Management$47915%CapEx$1284%Maintenance$1284%Other$79925%

Investment Breakdown

|

Purchase Price

$469k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$116k

Downpayment

20%

$93,800

Closing costs

1%

$4,690

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,196

Total Expenses

$4,758

Mortgage P&I

74%

$2,376

Property Taxes

21%

$684

Home Insurance

5%

$164

HOA

0%

$0

Property Management

15%

$479

CapEx

4%

$128

Vacancy

0%

$0

Maintenance

4%

$128

Other

25%

$799

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