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603 Indian Springs Dr, Waco, TX 76708

3 beds • 2 baths • 1400 sqft

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This property looks like a bad Airbnb investment with a projected -5.06% first-year return on $66,342 initial cash invested.

-5.06%

Cash On Cash

5.42%

Cap Rate

0.86

DSCR

$2,827

Rent

-$280

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,827 income − $3,107 expenses = $280 out of pocket

Income$2,827Out of Pocket$280Mortgage P&I$1,20743%Property Taxes$46216%Insurance$813%Management$42415%CapEx$1134%Maintenance$1134%Other$70725%

Investment Breakdown

|

Purchase Price

$230k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,342

Downpayment

20%

$46,040

Closing costs

1%

$2,302

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,827

Total Expenses

$3,107

Mortgage P&I

43%

$1,207

Property Taxes

16%

$462

Home Insurance

3%

$81

HOA

0%

$0

Property Management

15%

$424

CapEx

4%

$113

Vacancy

0%

$0

Maintenance

4%

$113

Other

25%

$707

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Comparable Property

Rent

ADR

Beds

Baths

Distance

Beautiful Neighborhood -3bed/2bath Upstairs Apt.

$3,384

$206

3

2

1.29 mi

There is Home along the way- Safehaven Cottage

$3,367

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3

2

1.82 mi

The Cameron Park House

$1,659

$101

3

3

1.92 mi

104 W Rancho Del Cerro

$2,500

$250

4

2

1.3 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

Projection Charts

Investment Value YoY

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