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3 Raindream Pl, Spring, TX 77381

3 beds • 3 baths • 1704 sqft

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This property looks like a bad Airbnb investment with a projected -10.07% first-year return on $107k initial cash invested.

-10.07%

Cash On Cash

3.83%

Cap Rate

0.64

DSCR

$3,571

Rent

-$900

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,571 income − $4,471 expenses = $900 out of pocket

Income$3,571Out of Pocket$900Mortgage P&I$2,11559%Property Taxes$49214%Insurance$1494%Management$53615%CapEx$1434%Maintenance$1434%Other$89325%

Investment Breakdown

|

Purchase Price

$425k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$107k

Downpayment

20%

$85,000

Closing costs

1%

$4,250

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,571

Total Expenses

$4,471

Mortgage P&I

59%

$2,115

Property Taxes

14%

$492

Home Insurance

4%

$149

HOA

0%

$0

Property Management

15%

$536

CapEx

4%

$143

Vacancy

0%

$0

Maintenance

4%

$143

Other

25%

$893

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