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2607 Letrim St, Pearland, TX 77581

3 beds • 2 baths • 2220 sqft

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This property looks like a bad Airbnb investment with a projected -22.8% first-year return on $123k initial cash invested.

-22.8%

Cash On Cash

0.5%

Cap Rate

0.09

DSCR

$2,274

Rent

-$2,333

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,274 income − $4,607 expenses = $2,333 out of pocket

Income$2,274Out of Pocket$2,333Mortgage P&I$2,451108%Property Taxes$87939%Insurance$1758%HOA$11Management$34115%CapEx$914%Maintenance$914%Other$56825%

Investment Breakdown

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Purchase Price

$499k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$123k

Downpayment

20%

$99,800

Closing costs

1%

$4,990

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,274

Total Expenses

$4,607

Mortgage P&I

108%

$2,451

Property Taxes

39%

$879

Home Insurance

8%

$175

HOA

0%

$11

Property Management

15%

$341

CapEx

4%

$91

Vacancy

0%

$0

Maintenance

4%

$91

Other

25%

$568

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