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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 -11.66% first-year return on $99,375 initial cash invested.

-11.66%

Cash On Cash

3.3%

Cap Rate

0.56

DSCR

$3,164

Rent

-$966

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

$3,164

Total Expenses

$4,130

Mortgage P&I

60%

$1,906

Property Taxes

18%

$568

Home Insurance

4%

$136

HOA

0%

$0

Property Management

15%

$475

CapEx

4%

$127

Vacancy

0%

$0

Maintenance

4%

$127

Other

25%

$791

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