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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 -27.93% first-year return on $501k initial cash invested.

-27.93%

Cash On Cash

0.1%

Cap Rate

0.02

DSCR

$4,093

Rent

-$11,659

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,093 income − $15,752 expenses = $11,659 out of pocket

Income$4,093Out of Pocket$11,659Mortgage P&I$11,678285%Property Taxes$1,30432%Insurance$80520%Management$61415%CapEx$1644%Maintenance$1644%Other$1,02325%

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

$4,093

Total Expenses

$15,752

Mortgage P&I

285%

$11,678

Property Taxes

32%

$1,304

Home Insurance

20%

$805

HOA

0%

$0

Property Management

15%

$614

CapEx

4%

$164

Vacancy

0%

$0

Maintenance

4%

$164

Other

25%

$1,023

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