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1805 Megan Creek Dr, Little Elm, TX 75068

3 beds • 2 baths • 1441 sqft

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This property looks like a bad Airbnb investment with a projected -13.08% first-year return on $82,029 initial cash invested.

-13.08%

Cash On Cash

2.87%

Cap Rate

0.48

DSCR

$2,283

Rent

-$894

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,283 income − $3,177 expenses = $894 out of pocket

Income$2,283Out of Pocket$894Mortgage P&I$1,53267%Property Taxes$39717%Insurance$1075%HOA$462%Management$34215%CapEx$914%Maintenance$914%Other$57125%

Investment Breakdown

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Purchase Price

$305k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$82,029

Downpayment

20%

$60,980

Closing costs

1%

$3,049

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,283

Total Expenses

$3,177

Mortgage P&I

67%

$1,532

Property Taxes

17%

$397

Home Insurance

5%

$107

HOA

2%

$46

Property Management

15%

$342

CapEx

4%

$91

Vacancy

0%

$0

Maintenance

4%

$91

Other

25%

$571

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