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1401 Ballycastle Ln, Corinth, TX 76210

3 beds • 2 baths • 2277 sqft

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This property looks like a bad Airbnb investment with a projected -11.47% first-year return on $121k initial cash invested.

-11.47%

Cash On Cash

3.43%

Cap Rate

0.59

DSCR

$4,188

Rent

-$1,155

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,188 income − $5,343 expenses = $1,155 out of pocket

Income$4,188Out of Pocket$1,155Mortgage P&I$2,38957%Property Taxes$71717%Insurance$1724%HOA$541%Management$62815%CapEx$1684%Maintenance$1684%Other$1,04725%

Investment Breakdown

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Purchase Price

$490k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$121k

Downpayment

20%

$97,980

Closing costs

1%

$4,899

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,188

Total Expenses

$5,343

Mortgage P&I

57%

$2,389

Property Taxes

17%

$717

Home Insurance

4%

$172

HOA

1%

$54

Property Management

15%

$628

CapEx

4%

$168

Vacancy

0%

$0

Maintenance

4%

$168

Other

25%

$1,047

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