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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 -3.48% first-year return on $91,500 initial cash invested.

-3.48%

Cash On Cash

5.5%

Cap Rate

0.92

DSCR

$3,272

Rent

-$265

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,272 income − $3,537 expenses = $265 out of pocket

Income$3,272Out of Pocket$265Mortgage P&I$1,73953%Property Taxes$1053%Insurance$1224%Management$49115%CapEx$1314%Maintenance$1314%Other$81825%

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

$3,272

Total Expenses

$3,537

Mortgage P&I

53%

$1,739

Property Taxes

3%

$105

Home Insurance

4%

$122

HOA

0%

$0

Property Management

15%

$491

CapEx

4%

$131

Vacancy

0%

$0

Maintenance

4%

$131

Other

25%

$818

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