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302 Morningside Dr, League City, TX 77573

3 beds • 3 baths • 1631 sqft

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This property looks like a bad Airbnb investment with a projected -2.25% first-year return on $74,112 initial cash invested.

-2.25%

Cash On Cash

5.99%

Cap Rate

0.99

DSCR

$3,285

Rent

-$139

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,285 income − $3,424 expenses = $139 out of pocket

Income$3,285Out of Pocket$139Mortgage P&I$1,34241%Property Taxes$38812%Insurance$913%HOA$271%Management$49315%CapEx$1314%Maintenance$1314%Other$82125%

Investment Breakdown

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Purchase Price

$267k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,112

Downpayment

20%

$53,440

Closing costs

1%

$2,672

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,285

Total Expenses

$3,424

Mortgage P&I

41%

$1,342

Property Taxes

12%

$388

Home Insurance

3%

$91

HOA

1%

$27

Property Management

15%

$493

CapEx

4%

$131

Vacancy

0%

$0

Maintenance

4%

$131

Other

25%

$821

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