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2606 Lavender Ln, Red Oak, TX 75154

3 beds • 2 baths • 2207 sqft

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This property looks like a bad Airbnb investment with a projected -18.26% first-year return on $93,768 initial cash invested.

-18.26%

Cash On Cash

1.68%

Cap Rate

0.27

DSCR

$2,350

Rent

-$1,427

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,350 income − $3,777 expenses = $1,427 out of pocket

Income$2,350Out of Pocket$1,427Mortgage P&I$1,83878%Property Taxes$63927%Insurance$1285%HOA$442%Management$35215%CapEx$944%Maintenance$944%Other$58825%

Investment Breakdown

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Purchase Price

$361k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$93,768

Downpayment

20%

$72,160

Closing costs

1%

$3,608

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,350

Total Expenses

$3,777

Mortgage P&I

78%

$1,838

Property Taxes

27%

$639

Home Insurance

5%

$128

HOA

2%

$44

Property Management

15%

$352

CapEx

4%

$94

Vacancy

0%

$0

Maintenance

4%

$94

Other

25%

$588

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