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1604 Meadowgate Dr, Richardson, TX 75081

3 beds • 2 baths • 2210 sqft

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This property looks like a bad Airbnb investment with a projected -8.87% first-year return on $113k initial cash invested.

-8.87%

Cash On Cash

4.17%

Cap Rate

0.7

DSCR

$4,342

Rent

-$832

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,342 income − $5,174 expenses = $832 out of pocket

Income$4,342Out of Pocket$832Mortgage P&I$2,22151%Property Taxes$71016%Insurance$1584%Management$65115%CapEx$1744%Maintenance$1744%Other$1,08625%

Investment Breakdown

|

Purchase Price

$450k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$113k

Downpayment

20%

$90,000

Closing costs

1%

$4,500

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,342

Total Expenses

$5,174

Mortgage P&I

51%

$2,221

Property Taxes

16%

$710

Home Insurance

4%

$158

HOA

0%

$0

Property Management

15%

$651

CapEx

4%

$174

Vacancy

0%

$0

Maintenance

4%

$174

Other

25%

$1,086

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