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10924 Independence Rd, Cleveland, TX 77328

3 beds • 2 baths • 1440 sqft

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This property looks like a bad Airbnb investment with a projected -11.37% first-year return on $71,970 initial cash invested.

-11.37%

Cash On Cash

3.25%

Cap Rate

0.54

DSCR

$2,016

Rent

-$682

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,016 income − $2,698 expenses = $682 out of pocket

Income$2,016Out of Pocket$682Mortgage P&I$1,29764%Property Taxes$31816%Insurance$904%HOA$251%Management$30215%CapEx$814%Maintenance$814%Other$50425%

Investment Breakdown

|

Purchase Price

$257k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,970

Downpayment

20%

$51,400

Closing costs

1%

$2,570

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,016

Total Expenses

$2,698

Mortgage P&I

64%

$1,297

Property Taxes

16%

$318

Home Insurance

4%

$90

HOA

1%

$25

Property Management

15%

$302

CapEx

4%

$81

Vacancy

0%

$0

Maintenance

4%

$81

Other

25%

$504

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