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1575 Garden Lakes Dr, Friendswood, TX 77546

3 beds • 2 baths • 2322 sqft

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This property looks like a bad Airbnb investment with a projected -19.72% first-year return on $123k initial cash invested.

-19.72%

Cash On Cash

1.14%

Cap Rate

0.2

DSCR

$2,529

Rent

-$2,018

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,529 income − $4,547 expenses = $2,018 out of pocket

Income$2,529Out of Pocket$2,018Mortgage P&I$2,39395%Property Taxes$70328%Insurance$1757%HOA$632%Management$37915%CapEx$1014%Maintenance$1014%Other$63225%

Investment Breakdown

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Purchase Price

$499k

Downpayment

20.0%

Interest Rate

6.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$123k

Downpayment

20%

$99,800

Closing costs

1%

$4,990

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,529

Total Expenses

$4,547

Mortgage P&I

95%

$2,393

Property Taxes

28%

$703

Home Insurance

7%

$175

HOA

2%

$63

Property Management

15%

$379

CapEx

4%

$101

Vacancy

0%

$0

Maintenance

4%

$101

Other

25%

$632

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