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4947 Olympic Dr, Wichita Falls, TX 76310

3 beds • 2 baths • 1900 sqft

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This property looks like a bad Airbnb investment with a projected -11.35% first-year return on $99,375 initial cash invested.

-11.35%

Cash On Cash

3.39%

Cap Rate

0.57

DSCR

$3,213

Rent

-$940

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$388k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$99,375

Downpayment

20%

$77,500

Closing costs

1%

$3,875

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,213

Total Expenses

$4,153

Mortgage P&I

59%

$1,906

Property Taxes

18%

$568

Home Insurance

4%

$136

HOA

0%

$0

Property Management

15%

$482

CapEx

4%

$129

Vacancy

0%

$0

Maintenance

4%

$129

Other

25%

$803

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