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2003 Hamilton Ln, Corsicana, TX 75109

3 beds • 3 baths • 2108 sqft

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This property looks like a bad Airbnb investment with a projected -9.25% first-year return on $113k initial cash invested.

-9.25%

Cash On Cash

4.12%

Cap Rate

0.68

DSCR

$3,724

Rent

-$875

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,724 income − $4,599 expenses = $875 out of pocket

Income$3,724Out of Pocket$875Mortgage P&I$2,28661%Property Taxes$35910%Insurance$1664%Management$55915%CapEx$1494%Maintenance$1494%Other$93125%

Investment Breakdown

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Purchase Price

$455k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$113k

Downpayment

20%

$90,920

Closing costs

1%

$4,546

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,724

Total Expenses

$4,599

Mortgage P&I

61%

$2,286

Property Taxes

10%

$359

Home Insurance

4%

$166

HOA

0%

$0

Property Management

15%

$559

CapEx

4%

$149

Vacancy

0%

$0

Maintenance

4%

$149

Other

25%

$931

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