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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 -15.96% first-year return on $118k initial cash invested.

-15.96%

Cash On Cash

2.22%

Cap Rate

0.38

DSCR

$2,792

Rent

-$1,566

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,792 income − $4,358 expenses = $1,566 out of pocket

Income$2,792Out of Pocket$1,566Mortgage P&I$2,33384%Property Taxes$51819%Insurance$1666%Management$41915%CapEx$1124%Maintenance$1124%Other$69825%

Investment Breakdown

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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

$2,792

Total Expenses

$4,358

Mortgage P&I

84%

$2,333

Property Taxes

19%

$518

Home Insurance

6%

$166

HOA

0%

$0

Property Management

15%

$419

CapEx

4%

$112

Vacancy

0%

$0

Maintenance

4%

$112

Other

25%

$698

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