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1420 Providence Ave, McAllen, TX 78504

3 beds • 4 baths • 2592 sqft

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This property looks like a bad Airbnb investment with a projected -27.1% first-year return on $103k initial cash invested.

-27.1%

Cash On Cash

-0.45%

Cap Rate

-0.07

DSCR

$1,565

Rent

-$2,317

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,565 income − $3,882 expenses = $2,317 out of pocket

Income$1,565Out of Pocket$2,317Mortgage P&I$2,103134%Property Taxes$75848%Insurance$1449%HOA$1258%Management$23515%CapEx$634%Maintenance$634%Other$39125%

Investment Breakdown

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Purchase Price

$403k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$103k

Downpayment

20%

$80,560

Closing costs

1%

$4,028

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$1,565

Total Expenses

$3,882

Mortgage P&I

134%

$2,103

Property Taxes

48%

$758

Home Insurance

9%

$144

HOA

8%

$125

Property Management

15%

$235

CapEx

4%

$63

Vacancy

0%

$0

Maintenance

4%

$63

Other

25%

$391

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