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2918 Cherry Springs Dr, Missouri City, TX 77459

3 beds • 2 baths • 1596 sqft

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This property looks like a bad Airbnb investment with a projected -16.8% first-year return on $73,650 initial cash invested.

-16.8%

Cash On Cash

1.79%

Cap Rate

0.29

DSCR

$1,587

Rent

-$1,031

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,587 income − $2,618 expenses = $1,031 out of pocket

Income$1,587Out of Pocket$1,031Mortgage P&I$1,36486%Property Taxes$38424%Insurance$936%HOA$161%Management$23815%CapEx$634%Maintenance$634%Other$39725%

Investment Breakdown

|

Purchase Price

$265k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,650

Downpayment

20%

$53,000

Closing costs

1%

$2,650

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$1,587

Total Expenses

$2,618

Mortgage P&I

86%

$1,364

Property Taxes

24%

$384

Home Insurance

6%

$93

HOA

1%

$16

Property Management

15%

$238

CapEx

4%

$63

Vacancy

0%

$0

Maintenance

4%

$63

Other

25%

$397

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