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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 -13.13% first-year return on $99,375 initial cash invested.

-13.13%

Cash On Cash

2.9%

Cap Rate

0.49

DSCR

$2,928

Rent

-$1,087

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,928 income − $4,015 expenses = $1,087 out of pocket

Income$2,928Out of Pocket$1,087Mortgage P&I$1,90665%Property Taxes$56819%Insurance$1365%Management$43915%CapEx$1174%Maintenance$1174%Other$73225%

Investment Breakdown

|

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

$2,928

Total Expenses

$4,015

Mortgage P&I

65%

$1,906

Property Taxes

19%

$568

Home Insurance

5%

$136

HOA

0%

$0

Property Management

15%

$439

CapEx

4%

$117

Vacancy

0%

$0

Maintenance

4%

$117

Other

25%

$732

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