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2929 Fairfax Dr, Tyler, TX 75701

3 beds • 2 baths • 1839 sqft

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This property looks like a bad Airbnb investment with a projected -1.5% first-year return on $67,371 initial cash invested.

-1.5%

Cash On Cash

6.04%

Cap Rate

1.02

DSCR

$2,599

Rent

-$84

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,599 income − $2,683 expenses = $84 out of pocket

Income$2,599Out of Pocket$84Mortgage P&I$1,16445%Property Taxes$1807%Insurance$914%Management$39015%CapEx$1044%Maintenance$1044%Other$65025%

Investment Breakdown

|

Purchase Price

$235k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,371

Downpayment

20%

$47,020

Closing costs

1%

$2,351

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,599

Total Expenses

$2,683

Mortgage P&I

45%

$1,164

Property Taxes

7%

$180

Home Insurance

4%

$91

HOA

0%

$0

Property Management

15%

$390

CapEx

4%

$104

Vacancy

0%

$0

Maintenance

4%

$104

Other

25%

$650

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