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2708 Morning Song Dr, Little Elm, TX 75068

3 beds • 2 baths • 1615 sqft

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This property looks like a bad Airbnb investment with a projected -8.65% first-year return on $87,298 initial cash invested.

-8.65%

Cash On Cash

4.39%

Cap Rate

0.71

DSCR

$3,452

Rent

-$629

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,452 income − $4,081 expenses = $629 out of pocket

Income$3,452Out of Pocket$629Mortgage P&I$1,69849%Property Taxes$55516%Insurance$1163%HOA$552%Management$51815%CapEx$1384%Maintenance$1384%Other$86325%

Investment Breakdown

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Purchase Price

$330k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$87,298

Downpayment

20%

$65,998

Closing costs

1%

$3,300

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,452

Total Expenses

$4,081

Mortgage P&I

49%

$1,698

Property Taxes

16%

$555

Home Insurance

3%

$116

HOA

2%

$55

Property Management

15%

$518

CapEx

4%

$138

Vacancy

0%

$0

Maintenance

4%

$138

Other

25%

$863

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