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1709 Fairway Dr, Sherman, TX 75090

3 beds • 2 baths • 1729 sqft

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This property looks like a bad Airbnb investment with a projected -8.85% first-year return on $68,988 initial cash invested.

-8.85%

Cash On Cash

4.39%

Cap Rate

0.69

DSCR

$2,631

Rent

-$509

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,631 income − $3,140 expenses = $509 out of pocket

Income$2,631Out of Pocket$509Mortgage P&I$1,29249%Property Taxes$49819%Insurance$873%Management$39515%CapEx$1054%Maintenance$1054%Other$65825%

Investment Breakdown

|

Purchase Price

$243k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,988

Downpayment

20%

$48,560

Closing costs

1%

$2,428

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,631

Total Expenses

$3,140

Mortgage P&I

49%

$1,292

Property Taxes

19%

$498

Home Insurance

3%

$87

HOA

0%

$0

Property Management

15%

$395

CapEx

4%

$105

Vacancy

0%

$0

Maintenance

4%

$105

Other

25%

$658

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