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10815 State Highway 56, Sherman, TX 75090

3 beds • 2 baths • 1689 sqft

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This property looks like a bad Airbnb investment with a projected -11.43% first-year return on $86,712 initial cash invested.

-11.43%

Cash On Cash

3.36%

Cap Rate

0.56

DSCR

$2,508

Rent

-$826

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,508 income − $3,334 expenses = $826 out of pocket

Income$2,508Out of Pocket$826Mortgage P&I$1,64265%Property Taxes$35914%Insurance$1305%Management$37615%CapEx$1004%Maintenance$1004%Other$62725%

Investment Breakdown

|

Purchase Price

$327k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,712

Downpayment

20%

$65,440

Closing costs

1%

$3,272

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,508

Total Expenses

$3,334

Mortgage P&I

65%

$1,642

Property Taxes

14%

$359

Home Insurance

5%

$130

HOA

0%

$0

Property Management

15%

$376

CapEx

4%

$100

Vacancy

0%

$0

Maintenance

4%

$100

Other

25%

$627

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