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2938 Churchill Way, Garland, TX 75044

3 beds • 2 baths • 1801 sqft

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This property looks like a bad Airbnb investment with a projected -3.88% first-year return on $91,500 initial cash invested.

-3.88%

Cash On Cash

5.39%

Cap Rate

0.9

DSCR

$3,213

Rent

-$296

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,213 income − $3,509 expenses = $296 out of pocket

Income$3,213Out of Pocket$296Mortgage P&I$1,73954%Property Taxes$1053%Insurance$1224%Management$48215%CapEx$1294%Maintenance$1294%Other$80325%

Investment Breakdown

|

Purchase Price

$350k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,500

Downpayment

20%

$70,000

Closing costs

1%

$3,500

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,213

Total Expenses

$3,509

Mortgage P&I

54%

$1,739

Property Taxes

3%

$105

Home Insurance

4%

$122

HOA

0%

$0

Property Management

15%

$482

CapEx

4%

$129

Vacancy

0%

$0

Maintenance

4%

$129

Other

25%

$803

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