REI Lense

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1422 Fairfield Dr, Forney, TX 75126

3 beds • 2 baths • 1698 sqft

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This property looks like a bad Airbnb investment with a projected -4.27% first-year return on $65,229 initial cash invested.

-4.27%

Cash On Cash

5.4%

Cap Rate

0.9

DSCR

$2,904

Rent

-$232

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$225k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,229

Downpayment

20%

$44,980

Closing costs

1%

$2,249

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,904

Total Expenses

$3,136

Mortgage P&I

39%

$1,128

Property Taxes

17%

$496

Home Insurance

3%

$79

HOA

1%

$39

Property Management

15%

$436

CapEx

4%

$116

Vacancy

0%

$0

Maintenance

4%

$116

Other

25%

$726

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