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230 Double Creek Dr, Midlothian, TX 76065

3 beds • 3 baths • 2163 sqft

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This property looks like a bad Airbnb investment with a projected -18.6% first-year return on $108k initial cash invested.

-18.6%

Cash On Cash

1.68%

Cap Rate

0.28

DSCR

$2,586

Rent

-$1,679

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,586 income − $4,265 expenses = $1,679 out of pocket

Income$2,586Out of Pocket$1,679Mortgage P&I$2,17784%Property Taxes$66326%Insurance$1506%HOA$351%Management$38815%CapEx$1034%Maintenance$1034%Other$64625%

Investment Breakdown

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Purchase Price

$430k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$108k

Downpayment

20%

$86,000

Closing costs

1%

$4,300

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,586

Total Expenses

$4,265

Mortgage P&I

84%

$2,177

Property Taxes

26%

$663

Home Insurance

6%

$150

HOA

1%

$35

Property Management

15%

$388

CapEx

4%

$103

Vacancy

0%

$0

Maintenance

4%

$103

Other

25%

$646

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