REI Lense

REI Lense

Unlock all features! Tap here to upgrade

1422 Fairfield Dr, Forney, TX 75126

3 beds • 2 baths • 1698 sqft

Email

This property looks like a bad Airbnb investment with a projected -2.63% first-year return on $65,229 initial cash invested.

-2.63%

Cash On Cash

5.91%

Cap Rate

0.98

DSCR

$3,075

Rent

-$143

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,075 income − $3,218 expenses = $143 out of pocket

Income$3,075Out of Pocket$143Mortgage P&I$1,12837%Property Taxes$49616%Insurance$793%HOA$391%Management$46115%CapEx$1234%Maintenance$1234%Other$76925%

Investment Breakdown

|

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

$3,075

Total Expenses

$3,218

Mortgage P&I

37%

$1,128

Property Taxes

16%

$496

Home Insurance

3%

$79

HOA

1%

$39

Property Management

15%

$461

CapEx

4%

$123

Vacancy

0%

$0

Maintenance

4%

$123

Other

25%

$769

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis