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316 Morningside Dr, Friendswood, TX 77546

3 beds • 6 baths • 5611 sqft

$2,300,000

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This property looks like a bad Airbnb investment with a projected -27.71% first-year return on $501k initial cash invested.

-27.71%

Cash On Cash

0.15%

Cap Rate

0.02

DSCR

$4,269

Rent

-$11,567

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,269 income − $15,836 expenses = $11,567 out of pocket

Income$4,269Out of Pocket$11,567Mortgage P&I$11,678274%Property Taxes$1,30431%Insurance$80519%Management$64015%CapEx$1714%Maintenance$1714%Other$1,06725%

Investment Breakdown

|

Purchase Price

$2300k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$501k

Downpayment

20%

$460k

Closing costs

1%

$23,000

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$4,269

Total Expenses

$15,836

Mortgage P&I

274%

$11,678

Property Taxes

31%

$1,304

Home Insurance

19%

$805

HOA

0%

$0

Property Management

15%

$640

CapEx

4%

$171

Vacancy

0%

$0

Maintenance

4%

$171

Other

25%

$1,067

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