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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 -8.98% first-year return on $88,854 initial cash invested.

-8.98%

Cash On Cash

4.13%

Cap Rate

0.69

DSCR

$3,465

Rent

-$665

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,465 income − $4,130 expenses = $665 out of pocket

Income$3,465Out of Pocket$665Mortgage P&I$1,68649%Property Taxes$59517%Insurance$1213%HOA$642%Management$52015%CapEx$1394%Maintenance$1394%Other$86625%

Investment Breakdown

|

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

$3,465

Total Expenses

$4,130

Mortgage P&I

49%

$1,686

Property Taxes

17%

$595

Home Insurance

3%

$121

HOA

2%

$64

Property Management

15%

$520

CapEx

4%

$139

Vacancy

0%

$0

Maintenance

4%

$139

Other

25%

$866

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