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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 -9.53% first-year return on $65,229 initial cash invested.

-9.53%

Cash On Cash

3.76%

Cap Rate

0.62

DSCR

$2,353

Rent

-$518

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,353 income − $2,871 expenses = $518 out of pocket

Income$2,353Out of Pocket$518Mortgage P&I$1,12848%Property Taxes$49621%Insurance$793%HOA$392%Management$35315%CapEx$944%Maintenance$944%Other$58825%

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

$2,353

Total Expenses

$2,871

Mortgage P&I

48%

$1,128

Property Taxes

21%

$496

Home Insurance

3%

$79

HOA

2%

$39

Property Management

15%

$353

CapEx

4%

$94

Vacancy

0%

$0

Maintenance

4%

$94

Other

25%

$588

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