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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 -15.66% first-year return on $84,150 initial cash invested.

-15.66%

Cash On Cash

2.08%

Cap Rate

0.36

DSCR

$2,685

Rent

-$1,098

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,685 income − $3,783 expenses = $1,098 out of pocket

Income$2,685Out of Pocket$1,098Mortgage P&I$1,53757%Property Taxes$78129%Insurance$1104%HOA$672%Management$40315%CapEx$1074%Maintenance$1074%Other$67125%

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

$2,685

Total Expenses

$3,783

Mortgage P&I

57%

$1,537

Property Taxes

29%

$781

Home Insurance

4%

$110

HOA

3%

$67

Property Management

15%

$403

CapEx

4%

$107

Vacancy

0%

$0

Maintenance

4%

$107

Other

25%

$671

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