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23044 Bellini Dr, Magnolia, TX 77355

3 beds • 2 baths • 1814 sqft

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This property looks like a bad Airbnb investment with a projected -1.47% first-year return on $65,250 initial cash invested.

-1.47%

Cash On Cash

6.38%

Cap Rate

1.03

DSCR

$2,930

Rent

-$80

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,930 income − $3,010 expenses = $80 out of pocket

Income$2,930Out of Pocket$80Mortgage P&I$1,15940%Property Taxes$33511%Insurance$793%HOA$311%Management$44015%CapEx$1174%Maintenance$1174%Other$73225%

Investment Breakdown

|

Purchase Price

$225k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,250

Downpayment

20%

$45,000

Closing costs

1%

$2,250

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,930

Total Expenses

$3,010

Mortgage P&I

40%

$1,159

Property Taxes

11%

$335

Home Insurance

3%

$79

HOA

1%

$31

Property Management

15%

$440

CapEx

4%

$117

Vacancy

0%

$0

Maintenance

4%

$117

Other

25%

$732

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