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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 -28.62% first-year return on $501k initial cash invested.

-28.62%

Cash On Cash

-0.07%

Cap Rate

-0.01

DSCR

$3,532

Rent

-$11,950

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,532 income − $15,482 expenses = $11,950 out of pocket

Income$3,532Out of Pocket$11,950Mortgage P&I$11,678331%Property Taxes$1,30437%Insurance$80523%Management$53015%CapEx$1414%Maintenance$1414%Other$88325%

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

$3,532

Total Expenses

$15,482

Mortgage P&I

331%

$11,678

Property Taxes

37%

$1,304

Home Insurance

23%

$805

HOA

0%

$0

Property Management

15%

$530

CapEx

4%

$141

Vacancy

0%

$0

Maintenance

4%

$141

Other

25%

$883

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