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103 Cedar Dr, Red Oak, TX 75154

3 beds • 2 baths • 2594 sqft

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This property looks like a bad Airbnb investment with a projected -18.44% first-year return on $118k initial cash invested.

-18.44%

Cash On Cash

1.56%

Cap Rate

0.26

DSCR

$2,324

Rent

-$1,809

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,324 income − $4,133 expenses = $1,809 out of pocket

Income$2,324Out of Pocket$1,809Mortgage P&I$2,333100%Property Taxes$51822%Insurance$1667%Management$34915%CapEx$934%Maintenance$934%Other$58125%

Investment Breakdown

|

Purchase Price

$475k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$118k

Downpayment

20%

$95,000

Closing costs

1%

$4,750

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,324

Total Expenses

$4,133

Mortgage P&I

100%

$2,333

Property Taxes

22%

$518

Home Insurance

7%

$166

HOA

0%

$0

Property Management

15%

$349

CapEx

4%

$93

Vacancy

0%

$0

Maintenance

4%

$93

Other

25%

$581

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