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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 -16.31% first-year return on $108k initial cash invested.

-16.31%

Cash On Cash

2.3%

Cap Rate

0.38

DSCR

$2,988

Rent

-$1,472

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,988 income − $4,460 expenses = $1,472 out of pocket

Income$2,988Out of Pocket$1,472Mortgage P&I$2,17773%Property Taxes$66322%Insurance$1505%HOA$351%Management$44815%CapEx$1204%Maintenance$1204%Other$74725%

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

$2,988

Total Expenses

$4,460

Mortgage P&I

73%

$2,177

Property Taxes

22%

$663

Home Insurance

5%

$150

HOA

1%

$35

Property Management

15%

$448

CapEx

4%

$120

Vacancy

0%

$0

Maintenance

4%

$120

Other

25%

$747

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