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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 -11.56% first-year return on $82,029 initial cash invested.

-11.56%

Cash On Cash

3.31%

Cap Rate

0.55

DSCR

$2,483

Rent

-$790

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,483 income − $3,273 expenses = $790 out of pocket

Income$2,483Out of Pocket$790Mortgage P&I$1,53262%Property Taxes$39716%Insurance$1074%HOA$462%Management$37215%CapEx$994%Maintenance$994%Other$62125%

Investment Breakdown

|

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

$2,483

Total Expenses

$3,273

Mortgage P&I

62%

$1,532

Property Taxes

16%

$397

Home Insurance

4%

$107

HOA

2%

$46

Property Management

15%

$372

CapEx

4%

$99

Vacancy

0%

$0

Maintenance

4%

$99

Other

25%

$621

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