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8283 Carriage Ln, Wichita Falls, TX 76305

3 beds • 3 baths • 2119 sqft

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This property looks like a bad Airbnb investment with a projected -16.32% first-year return on $86,250 initial cash invested.

-16.32%

Cash On Cash

2.26%

Cap Rate

0.36

DSCR

$2,151

Rent

-$1,173

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,151 income − $3,324 expenses = $1,173 out of pocket

Income$2,151Out of Pocket$1,173Mortgage P&I$1,70079%Property Taxes$47722%Insurance$1145%Management$32315%CapEx$864%Maintenance$864%Other$53825%

Investment Breakdown

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Purchase Price

$325k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,250

Downpayment

20%

$65,000

Closing costs

1%

$3,250

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,151

Total Expenses

$3,324

Mortgage P&I

79%

$1,700

Property Taxes

22%

$477

Home Insurance

5%

$114

HOA

0%

$0

Property Management

15%

$323

CapEx

4%

$86

Vacancy

0%

$0

Maintenance

4%

$86

Other

25%

$538

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