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801 Park St, Gilmer, TX 75644

3 beds • 2 baths • 2086 sqft

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This property looks like a bad Airbnb investment with a projected -10.14% first-year return on $74,679 initial cash invested.

-10.14%

Cash On Cash

3.57%

Cap Rate

0.6

DSCR

$2,175

Rent

-$631

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,175 income − $2,806 expenses = $631 out of pocket

Income$2,175Out of Pocket$631Mortgage P&I$1,34762%Property Taxes$32115%Insurance$944%Management$32615%CapEx$874%Maintenance$874%Other$54425%

Investment Breakdown

|

Purchase Price

$270k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,679

Downpayment

20%

$53,980

Closing costs

1%

$2,699

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,175

Total Expenses

$2,806

Mortgage P&I

62%

$1,347

Property Taxes

15%

$321

Home Insurance

4%

$94

HOA

0%

$0

Property Management

15%

$326

CapEx

4%

$87

Vacancy

0%

$0

Maintenance

4%

$87

Other

25%

$544

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