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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 -9.77% first-year return on $123k initial cash invested.

-9.77%

Cash On Cash

3.99%

Cap Rate

0.66

DSCR

$3,852

Rent

-$1,001

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,852 income − $4,853 expenses = $1,001 out of pocket

Income$3,852Out of Pocket$1,001Mortgage P&I$2,50965%Property Taxes$3208%Insurance$1755%Management$57815%CapEx$1544%Maintenance$1544%Other$96325%

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

$3,852

Total Expenses

$4,853

Mortgage P&I

65%

$2,509

Property Taxes

8%

$320

Home Insurance

5%

$175

HOA

0%

$0

Property Management

15%

$578

CapEx

4%

$154

Vacancy

0%

$0

Maintenance

4%

$154

Other

25%

$963

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