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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 -12.68% first-year return on $86,712 initial cash invested.

-12.68%

Cash On Cash

3.01%

Cap Rate

0.5

DSCR

$2,338

Rent

-$916

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,338 income − $3,254 expenses = $916 out of pocket

Income$2,338Out of Pocket$916Mortgage P&I$1,64270%Property Taxes$35915%Insurance$1306%Management$35115%CapEx$944%Maintenance$944%Other$58425%

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

$2,338

Total Expenses

$3,254

Mortgage P&I

70%

$1,642

Property Taxes

15%

$359

Home Insurance

6%

$130

HOA

0%

$0

Property Management

15%

$351

CapEx

4%

$94

Vacancy

0%

$0

Maintenance

4%

$94

Other

25%

$584

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