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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 -23.13% first-year return on $144k initial cash invested.

-23.13%

Cash On Cash

0.65%

Cap Rate

0.11

DSCR

$1,556

Rent

-$2,776

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,556 income − $4,332 expenses = $2,776 out of pocket

Income$1,556Out of Pocket$2,776Mortgage P&I$3,037195%Property Taxes$33922%Insurance$21013%Management$23315%CapEx$624%Maintenance$624%Other$38925%

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

$1,556

Total Expenses

$4,332

Mortgage P&I

195%

$3,037

Property Taxes

22%

$339

Home Insurance

14%

$210

HOA

0%

$0

Property Management

15%

$233

CapEx

4%

$62

Vacancy

0%

$0

Maintenance

4%

$62

Other

25%

$389

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