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3 Fairway Dr, Conroe, TX 77304

3 beds • 3 baths • 2930 sqft

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This property looks like a bad Airbnb investment with a projected -16.42% first-year return on $102k initial cash invested.

-16.42%

Cash On Cash

2.2%

Cap Rate

0.36

DSCR

$2,609

Rent

-$1,393

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,609 income − $4,002 expenses = $1,393 out of pocket

Income$2,609Out of Pocket$1,393Mortgage P&I$2,02077%Property Taxes$59123%Insurance$1405%Management$39115%CapEx$1044%Maintenance$1044%Other$65225%

Investment Breakdown

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Purchase Price

$399k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$102k

Downpayment

20%

$79,800

Closing costs

1%

$3,990

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,609

Total Expenses

$4,002

Mortgage P&I

77%

$2,020

Property Taxes

23%

$591

Home Insurance

5%

$140

HOA

0%

$0

Property Management

15%

$391

CapEx

4%

$104

Vacancy

0%

$0

Maintenance

4%

$104

Other

25%

$652

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