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3206 Meadow Ridge Dr, Corpus Christi, TX 78418

3 beds • 2 baths • 1711 sqft

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This property might be a fair Airbnb investment with a projected 6.46% first-year return on $73,146 initial cash invested.

6.46%

Cash On Cash

8.44%

Cap Rate

1.42

DSCR

$3,691

Rent

$394

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,691 income − $3,297 expenses = $394 cash flow

Income$3,691Mortgage P&I$1,30535%Property Taxes$1314%Insurance$882%Management$55415%CapEx$1484%Maintenance$1484%Other$92325%Cash Flow$394

Investment Breakdown

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Purchase Price

$263k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,146

Downpayment

20%

$52,520

Closing costs

1%

$2,626

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,691

Total Expenses

$3,297

Mortgage P&I

35%

$1,305

Property Taxes

4%

$131

Home Insurance

2%

$88

HOA

0%

$0

Property Management

15%

$554

CapEx

4%

$148

Vacancy

0%

$0

Maintenance

4%

$148

Other

25%

$923

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