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101 SE County Road 2240, Corsicana, TX 75109

3 beds • 2 baths • 1176 sqft

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This property looks like a bad Airbnb investment with a projected -9.04% first-year return on $123k initial cash invested.

-9.04%

Cash On Cash

4.18%

Cap Rate

0.69

DSCR

$3,994

Rent

-$927

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,994 income − $4,921 expenses = $927 out of pocket

Income$3,994Out of Pocket$927Mortgage P&I$2,50963%Property Taxes$3208%Insurance$1754%Management$59915%CapEx$1604%Maintenance$1604%Other$99825%

Investment Breakdown

|

Purchase Price

$500k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$123k

Downpayment

20%

$100,000

Closing costs

1%

$5,000

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,994

Total Expenses

$4,921

Mortgage P&I

63%

$2,509

Property Taxes

8%

$320

Home Insurance

4%

$175

HOA

0%

$0

Property Management

15%

$599

CapEx

4%

$160

Vacancy

0%

$0

Maintenance

4%

$160

Other

25%

$998

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