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120 Myrtle Cres, Grapevine, TX 76051

3 beds • 3 baths • 2547 sqft

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This property looks like a bad Airbnb investment with a projected -20.04% first-year return on $150k initial cash invested.

-20.04%

Cash On Cash

1.33%

Cap Rate

0.23

DSCR

$3,150

Rent

-$2,513

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,150 income − $5,663 expenses = $2,513 out of pocket

Income$3,150Out of Pocket$2,513Mortgage P&I$3,08698%Property Taxes$79025%Insurance$2367%HOA$391%Management$47215%CapEx$1264%Maintenance$1264%Other$78825%

Investment Breakdown

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Purchase Price

$631k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$150k

Downpayment

20%

$126k

Closing costs

1%

$6,307

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,150

Total Expenses

$5,663

Mortgage P&I

98%

$3,086

Property Taxes

25%

$790

Home Insurance

7%

$236

HOA

1%

$39

Property Management

15%

$472

CapEx

4%

$126

Vacancy

0%

$0

Maintenance

4%

$126

Other

25%

$788

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