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2304 Rain Water Dr, Austin, TX 78734

3 beds • 3 baths • 1883 sqft

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This property looks like a bad Airbnb investment with a projected -18.16% first-year return on $116k initial cash invested.

-18.16%

Cash On Cash

2.51%

Cap Rate

0.37

DSCR

$3,062

Rent

-$1,753

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,062 income − $4,815 expenses = $1,753 out of pocket

Income$3,062Out of Pocket$1,753Mortgage P&I$2,60485%Property Taxes$59119%Insurance$1405%HOA$11Management$45915%CapEx$1224%Maintenance$1224%Other$76625%

Investment Breakdown

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Purchase Price

$466k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$116k

Downpayment

20%

$93,200

Closing costs

1%

$4,660

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,062

Total Expenses

$4,815

Mortgage P&I

85%

$2,604

Property Taxes

19%

$591

Home Insurance

5%

$140

HOA

0%

$11

Property Management

15%

$459

CapEx

4%

$122

Vacancy

0%

$0

Maintenance

4%

$122

Other

25%

$766

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