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2165 Miramar Dr, Little Elm, TX 75068

3 beds • 2 baths • 1587 sqft

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This property looks like a bad Airbnb investment with a projected -14.37% first-year return on $88,854 initial cash invested.

-14.37%

Cash On Cash

2.6%

Cap Rate

0.43

DSCR

$2,696

Rent

-$1,064

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,696 income − $3,760 expenses = $1,064 out of pocket

Income$2,696Out of Pocket$1,064Mortgage P&I$1,68663%Property Taxes$59522%Insurance$1214%HOA$642%Management$40415%CapEx$1084%Maintenance$1084%Other$67425%

Investment Breakdown

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Purchase Price

$337k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$88,854

Downpayment

20%

$67,480

Closing costs

1%

$3,374

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,696

Total Expenses

$3,760

Mortgage P&I

63%

$1,686

Property Taxes

22%

$595

Home Insurance

4%

$121

HOA

2%

$64

Property Management

15%

$404

CapEx

4%

$108

Vacancy

0%

$0

Maintenance

4%

$108

Other

25%

$674

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