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2 Mountain Climb Rd, Sherman, TX 75092

3 beds • 2 baths • 1578 sqft

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This property looks like a bad Airbnb investment with a projected -9.82% first-year return on $93,390 initial cash invested.

-9.82%

Cash On Cash

3.79%

Cap Rate

0.63

DSCR

$2,298

Rent

-$764

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,298 income − $3,062 expenses = $764 out of pocket

Income$2,298Out of Pocket$764Mortgage P&I$1,80779%Property Taxes$261%Insurance$1265%Management$34515%CapEx$924%Maintenance$924%Other$57425%

Investment Breakdown

|

Purchase Price

$359k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$93,390

Downpayment

20%

$71,800

Closing costs

1%

$3,590

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,298

Total Expenses

$3,062

Mortgage P&I

79%

$1,807

Property Taxes

1%

$26

Home Insurance

5%

$126

HOA

0%

$0

Property Management

15%

$345

CapEx

4%

$92

Vacancy

0%

$0

Maintenance

4%

$92

Other

25%

$574

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