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1518 Locke Ln, Sugar Land, TX 77478

3 beds • 2 baths • 1971 sqft

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This property looks like a bad Airbnb investment with a projected -15.64% first-year return on $99,690 initial cash invested.

-15.64%

Cash On Cash

2.28%

Cap Rate

0.38

DSCR

$2,484

Rent

-$1,299

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,484 income − $3,783 expenses = $1,299 out of pocket

Income$2,484Out of Pocket$1,299Mortgage P&I$1,93878%Property Taxes$46319%Insurance$1365%HOA$542%Management$37315%CapEx$994%Maintenance$994%Other$62125%

Investment Breakdown

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Purchase Price

$389k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$99,690

Downpayment

20%

$77,800

Closing costs

1%

$3,890

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,484

Total Expenses

$3,783

Mortgage P&I

78%

$1,938

Property Taxes

19%

$463

Home Insurance

5%

$136

HOA

2%

$54

Property Management

15%

$373

CapEx

4%

$99

Vacancy

0%

$0

Maintenance

4%

$99

Other

25%

$621

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