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3116 Mason Ave, Corinth, TX 76210

3 beds • 3 baths • 2144 sqft

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This property looks like a bad Airbnb investment with a projected -0.05% first-year return on $97,800 initial cash invested.

-0.05%

Cash On Cash

6.49%

Cap Rate

1.1

DSCR

$4,729

Rent

-$4

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,729 income − $4,733 expenses = $4 out of pocket

Income$4,729Out of Pocket$4Mortgage P&I$1,86940%Property Taxes$4439%Insurance$1333%HOA$19Management$70915%CapEx$1894%Maintenance$1894%Other$1,18225%

Investment Breakdown

|

Purchase Price

$380k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$97,800

Downpayment

20%

$76,000

Closing costs

1%

$3,800

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,729

Total Expenses

$4,733

Mortgage P&I

40%

$1,869

Property Taxes

9%

$443

Home Insurance

3%

$133

HOA

0%

$19

Property Management

15%

$709

CapEx

4%

$189

Vacancy

0%

$0

Maintenance

4%

$189

Other

25%

$1,182

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