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21242 Redcrest Manor Dr, Richmond, TX 77406

3 beds • 4 baths • 3577 sqft

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This property looks like a bad Airbnb investment with a projected -24.58% first-year return on $185k initial cash invested.

-24.58%

Cash On Cash

0.42%

Cap Rate

0.07

DSCR

$3,479

Rent

-$3,789

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,479 income − $7,268 expenses = $3,789 out of pocket

Income$3,479Out of Pocket$3,789Mortgage P&I$3,925113%Property Taxes$1,31638%Insurance$2788%HOA$792%Management$52215%CapEx$1394%Maintenance$1394%Other$87025%

Investment Breakdown

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Purchase Price

$795k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$185k

Downpayment

20%

$159k

Closing costs

1%

$7,950

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$3,479

Total Expenses

$7,268

Mortgage P&I

113%

$3,925

Property Taxes

38%

$1,316

Home Insurance

8%

$278

HOA

2%

$79

Property Management

15%

$522

CapEx

4%

$139

Vacancy

0%

$0

Maintenance

4%

$139

Other

25%

$870

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