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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 -17.32% first-year return on $108k initial cash invested.

-17.32%

Cash On Cash

2.03%

Cap Rate

0.33

DSCR

$2,811

Rent

-$1,563

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,811 income − $4,374 expenses = $1,563 out of pocket

Income$2,811Out of Pocket$1,563Mortgage P&I$2,17777%Property Taxes$66324%Insurance$1505%HOA$351%Management$42215%CapEx$1124%Maintenance$1124%Other$70325%

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

$2,811

Total Expenses

$4,374

Mortgage P&I

77%

$2,177

Property Taxes

24%

$663

Home Insurance

5%

$150

HOA

1%

$35

Property Management

15%

$422

CapEx

4%

$112

Vacancy

0%

$0

Maintenance

4%

$112

Other

25%

$703

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