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3108 Herrera Dr, Forney, TX 75126

3 beds • 3 baths • 2057 sqft

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This property looks like a bad Airbnb investment with a projected -18.8% first-year return on $85,200 initial cash invested.

-18.8%

Cash On Cash

1.32%

Cap Rate

0.22

DSCR

$1,954

Rent

-$1,335

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,954 income − $3,289 expenses = $1,335 out of pocket

Income$1,954Out of Pocket$1,335Mortgage P&I$1,61082%Property Taxes$59931%Insurance$1126%HOA$312%Management$29315%CapEx$784%Maintenance$784%Other$48825%

Investment Breakdown

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Purchase Price

$320k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,200

Downpayment

20%

$64,000

Closing costs

1%

$3,200

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$1,954

Total Expenses

$3,289

Mortgage P&I

82%

$1,610

Property Taxes

31%

$599

Home Insurance

6%

$112

HOA

2%

$31

Property Management

15%

$293

CapEx

4%

$78

Vacancy

0%

$0

Maintenance

4%

$78

Other

25%

$488

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