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1290 Binfield Dr, Forney, TX 75126

3 beds • 2 baths • 1901 sqft

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This property looks like a bad Airbnb investment with a projected -15.04% first-year return on $79,948 initial cash invested.

-15.04%

Cash On Cash

2.22%

Cap Rate

0.38

DSCR

$2,802

Rent

-$1,002

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,802 income − $3,804 expenses = $1,002 out of pocket

Income$2,802Out of Pocket$1,002Mortgage P&I$1,43551%Property Taxes$86231%Insurance$1034%HOA$602%Management$42015%CapEx$1124%Maintenance$1124%Other$70025%

Investment Breakdown

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Purchase Price

$295k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,948

Downpayment

20%

$58,998

Closing costs

1%

$2,950

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,802

Total Expenses

$3,804

Mortgage P&I

51%

$1,435

Property Taxes

31%

$862

Home Insurance

4%

$103

HOA

2%

$60

Property Management

15%

$420

CapEx

4%

$112

Vacancy

0%

$0

Maintenance

4%

$112

Other

25%

$700

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