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209 W Southern Ave, Saginaw, TX 76179

3 beds • 2 baths • 2024 sqft

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This property looks like a bad Airbnb investment with a projected -5.94% first-year return on $80,790 initial cash invested.

-5.94%

Cash On Cash

4.89%

Cap Rate

0.81

DSCR

$2,961

Rent

-$400

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,961 income − $3,361 expenses = $400 out of pocket

Income$2,961Out of Pocket$400Mortgage P&I$1,50051%Property Taxes$33611%Insurance$1054%Management$44415%CapEx$1184%Maintenance$1184%Other$74025%

Investment Breakdown

|

Purchase Price

$299k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,790

Downpayment

20%

$59,800

Closing costs

1%

$2,990

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,961

Total Expenses

$3,361

Mortgage P&I

51%

$1,500

Property Taxes

11%

$336

Home Insurance

4%

$105

HOA

0%

$0

Property Management

15%

$444

CapEx

4%

$118

Vacancy

0%

$0

Maintenance

4%

$118

Other

25%

$740

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