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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 -4.21% first-year return on $91,500 initial cash invested.

-4.21%

Cash On Cash

5.3%

Cap Rate

0.89

DSCR

$3,166

Rent

-$321

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,166 income − $3,487 expenses = $321 out of pocket

Income$3,166Out of Pocket$321Mortgage P&I$1,73955%Property Taxes$1053%Insurance$1224%Management$47515%CapEx$1274%Maintenance$1274%Other$79225%

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

$3,166

Total Expenses

$3,487

Mortgage P&I

55%

$1,739

Property Taxes

3%

$105

Home Insurance

4%

$122

HOA

0%

$0

Property Management

15%

$475

CapEx

4%

$127

Vacancy

0%

$0

Maintenance

4%

$127

Other

25%

$792

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