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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 -19.18% first-year return on $79,948 initial cash invested.

-19.18%

Cash On Cash

1.01%

Cap Rate

0.17

DSCR

$2,273

Rent

-$1,278

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,273 income − $3,551 expenses = $1,278 out of pocket

Income$2,273Out of Pocket$1,278Mortgage P&I$1,43563%Property Taxes$86238%Insurance$1035%HOA$603%Management$34115%CapEx$914%Maintenance$914%Other$56825%

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

$2,273

Total Expenses

$3,551

Mortgage P&I

63%

$1,435

Property Taxes

38%

$862

Home Insurance

5%

$103

HOA

3%

$60

Property Management

15%

$341

CapEx

4%

$91

Vacancy

0%

$0

Maintenance

4%

$91

Other

25%

$568

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