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24237 Creekwood Dr, Splendora, TX 77372

3 beds • 2 baths • 1920 sqft

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This property looks like a bad Airbnb investment with a projected -15.54% first-year return on $102k initial cash invested.

-15.54%

Cash On Cash

2.41%

Cap Rate

0.4

DSCR

$2,434

Rent

-$1,321

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,434 income − $3,755 expenses = $1,321 out of pocket

Income$2,434Out of Pocket$1,321Mortgage P&I$2,02683%Property Taxes$42217%Insurance$1406%Management$36515%CapEx$974%Maintenance$974%Other$60825%

Investment Breakdown

|

Purchase Price

$400k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$102k

Downpayment

20%

$79,980

Closing costs

1%

$3,999

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,434

Total Expenses

$3,755

Mortgage P&I

83%

$2,026

Property Taxes

17%

$422

Home Insurance

6%

$140

HOA

0%

$0

Property Management

15%

$365

CapEx

4%

$97

Vacancy

0%

$0

Maintenance

4%

$97

Other

25%

$608

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