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116 George Ct, Springtown, TX 76082

3 beds • 2 baths • 2024 sqft

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This property looks like a bad Airbnb investment with a projected -19.5% first-year return on $88,350 initial cash invested.

-19.5%

Cash On Cash

1.17%

Cap Rate

0.19

DSCR

$1,981

Rent

-$1,436

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,981 income − $3,417 expenses = $1,436 out of pocket

Income$1,981Out of Pocket$1,436Mortgage P&I$1,68585%Property Taxes$66534%Insurance$1176%Management$29715%CapEx$794%Maintenance$794%Other$49525%

Investment Breakdown

|

Purchase Price

$335k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$88,350

Downpayment

20%

$67,000

Closing costs

1%

$3,350

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$1,981

Total Expenses

$3,417

Mortgage P&I

85%

$1,685

Property Taxes

34%

$665

Home Insurance

6%

$117

HOA

0%

$0

Property Management

15%

$297

CapEx

4%

$79

Vacancy

0%

$0

Maintenance

4%

$79

Other

25%

$495

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