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21902 Meadowsweet Dr, Magnolia, TX 77355

3 beds • 3 baths • 2024 sqft

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This property looks like a bad Airbnb investment with a projected -21.24% first-year return on $119k initial cash invested.

-21.24%

Cash On Cash

1.16%

Cap Rate

0.19

DSCR

$2,198

Rent

-$2,099

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,198 income − $4,297 expenses = $2,099 out of pocket

Income$2,198Out of Pocket$2,099Mortgage P&I$2,474113%Property Taxes$57826%Insurance$1688%HOA$211%Management$33015%CapEx$884%Maintenance$884%Other$55025%

Investment Breakdown

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Purchase Price

$479k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$119k

Downpayment

20%

$95,800

Closing costs

1%

$4,790

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,198

Total Expenses

$4,297

Mortgage P&I

113%

$2,474

Property Taxes

26%

$578

Home Insurance

8%

$168

HOA

1%

$21

Property Management

15%

$330

CapEx

4%

$88

Vacancy

0%

$0

Maintenance

4%

$88

Other

25%

$550

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