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2942 Medlin Rd, Gilmer, TX 75645

3 beds • 3 baths • 2364 sqft

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This property looks like a bad Airbnb investment with a projected -8.25% first-year return on $67,056 initial cash invested.

-8.25%

Cash On Cash

4.44%

Cap Rate

0.7

DSCR

$2,195

Rent

-$461

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,195 income − $2,656 expenses = $461 out of pocket

Income$2,195Out of Pocket$461Mortgage P&I$1,23856%Property Taxes$28013%Insurance$844%Management$32915%CapEx$884%Maintenance$884%Other$54925%

Investment Breakdown

|

Purchase Price

$234k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,056

Downpayment

20%

$46,720

Closing costs

1%

$2,336

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,195

Total Expenses

$2,656

Mortgage P&I

56%

$1,238

Property Taxes

13%

$280

Home Insurance

4%

$84

HOA

0%

$0

Property Management

15%

$329

CapEx

4%

$88

Vacancy

0%

$0

Maintenance

4%

$88

Other

25%

$549

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