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2921 Abbeville Ave, Wolfforth, TX 79382

3 beds • 2 baths • 1605 sqft

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This property looks like a bad Airbnb investment with a projected -9.07% first-year return on $65,985 initial cash invested.

-9.07%

Cash On Cash

4.24%

Cap Rate

0.67

DSCR

$2,473

Rent

-$499

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,473 income − $2,972 expenses = $499 out of pocket

Income$2,473Out of Pocket$499Mortgage P&I$1,20749%Property Taxes$49820%Insurance$803%Management$37115%CapEx$994%Maintenance$994%Other$61825%

Investment Breakdown

|

Purchase Price

$229k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,985

Downpayment

20%

$45,700

Closing costs

1%

$2,285

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,473

Total Expenses

$2,972

Mortgage P&I

49%

$1,207

Property Taxes

20%

$498

Home Insurance

3%

$80

HOA

0%

$0

Property Management

15%

$371

CapEx

4%

$99

Vacancy

0%

$0

Maintenance

4%

$99

Other

25%

$618

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