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202 Castleridge Dr, Red Oak, TX 75154

3 beds • 2 baths • 1420 sqft

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This property could be a profitable Airbnb investment with a projected 11.14% first-year return on $107k initial cash invested.

11.14%

Cash On Cash

9.48%

Cap Rate

1.62

DSCR

$7,191

Rent

$996

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$7,191 income − $6,195 expenses = $996 cash flow

Income$7,191Mortgage P&I$2,07229%Property Taxes$5217%Insurance$1492%Management$1,07915%CapEx$2884%Maintenance$2884%Other$1,79825%Cash Flow$996

Investment Breakdown

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Purchase Price

$425k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$107k

Downpayment

20%

$85,000

Closing costs

1%

$4,250

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$7,191

Total Expenses

$6,195

Mortgage P&I

29%

$2,072

Property Taxes

7%

$521

Home Insurance

2%

$149

HOA

0%

$0

Property Management

15%

$1,079

CapEx

4%

$288

Vacancy

0%

$0

Maintenance

4%

$288

Other

25%

$1,798

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