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3080 Lee Turner Rd, Cleveland, TX 77328

3 beds • 3 baths • 2028 sqft

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This property looks like a bad Airbnb investment with a projected -23.48% first-year return on $144k initial cash invested.

-23.48%

Cash On Cash

0.56%

Cap Rate

0.09

DSCR

$1,478

Rent

-$2,818

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,478 income − $4,296 expenses = $2,818 out of pocket

Income$1,478Out of Pocket$2,818Mortgage P&I$3,037205%Property Taxes$33923%Insurance$21014%Management$22215%CapEx$594%Maintenance$594%Other$37025%

Investment Breakdown

|

Purchase Price

$600k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$144k

Downpayment

20%

$120k

Closing costs

1%

$6,000

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$1,478

Total Expenses

$4,296

Mortgage P&I

205%

$3,037

Property Taxes

23%

$339

Home Insurance

14%

$210

HOA

0%

$0

Property Management

15%

$222

CapEx

4%

$59

Vacancy

0%

$0

Maintenance

4%

$59

Other

25%

$370

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