REI Lense

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1823 Cornerstone Place Dr, Katy, TX 77450

3 beds • 2 baths • 2039 sqft

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This property looks like a bad Airbnb investment with a projected -10.66% first-year return on $91,500 initial cash invested.

-10.66%

Cash On Cash

3.58%

Cap Rate

0.61

DSCR

$3,309

Rent

-$813

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$350k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,500

Downpayment

20%

$70,000

Closing costs

1%

$3,500

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,309

Total Expenses

$4,122

Mortgage P&I

52%

$1,726

Property Taxes

19%

$616

Home Insurance

4%

$122

HOA

2%

$71

Property Management

15%

$496

CapEx

4%

$132

Vacancy

0%

$0

Maintenance

4%

$132

Other

25%

$827

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