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15822 Laurel Heights Dr, Houston, TX 77084

3 beds • 2 baths • 1602 sqft

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This property looks like a bad Airbnb investment with a projected -13.08% first-year return on $70,017 initial cash invested.

-13.08%

Cash On Cash

2.94%

Cap Rate

0.47

DSCR

$2,082

Rent

-$763

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,082 income − $2,845 expenses = $763 out of pocket

Income$2,082Out of Pocket$763Mortgage P&I$1,28662%Property Taxes$43321%Insurance$884%HOA$402%Management$31215%CapEx$834%Maintenance$834%Other$52025%

Investment Breakdown

|

Purchase Price

$248k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,017

Downpayment

20%

$49,540

Closing costs

1%

$2,477

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,082

Total Expenses

$2,845

Mortgage P&I

62%

$1,286

Property Taxes

21%

$433

Home Insurance

4%

$88

HOA

2%

$40

Property Management

15%

$312

CapEx

4%

$83

Vacancy

0%

$0

Maintenance

4%

$83

Other

25%

$520

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