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23403 Cranberry Grader Ln, Hockley, TX 77447

3 beds • 3 baths • 2088 sqft

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This property looks like a bad Airbnb investment with a projected -17.7% first-year return on $84,150 initial cash invested.

-17.7%

Cash On Cash

1.49%

Cap Rate

0.26

DSCR

$2,411

Rent

-$1,241

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$315k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$84,150

Downpayment

20%

$63,000

Closing costs

1%

$3,150

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,411

Total Expenses

$3,652

Mortgage P&I

64%

$1,537

Property Taxes

32%

$781

Home Insurance

5%

$110

HOA

3%

$67

Property Management

15%

$362

CapEx

4%

$96

Vacancy

0%

$0

Maintenance

4%

$96

Other

25%

$603

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