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3206 Meadow Ridge Dr, Midlothian, TX 76065

3 beds • 3 baths • 2743 sqft

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This property looks like a bad Airbnb investment with a projected -19.93% first-year return on $113k initial cash invested.

-19.93%

Cash On Cash

1.29%

Cap Rate

0.22

DSCR

$2,539

Rent

-$1,882

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,539 income − $4,421 expenses = $1,882 out of pocket

Income$2,539Out of Pocket$1,882Mortgage P&I$2,26989%Property Taxes$73629%Insurance$1616%HOA$351%Management$38115%CapEx$1024%Maintenance$1024%Other$63525%

Investment Breakdown

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Purchase Price

$454k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$113k

Downpayment

20%

$90,760

Closing costs

1%

$4,538

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,539

Total Expenses

$4,421

Mortgage P&I

89%

$2,269

Property Taxes

29%

$736

Home Insurance

6%

$161

HOA

1%

$35

Property Management

15%

$381

CapEx

4%

$102

Vacancy

0%

$0

Maintenance

4%

$102

Other

25%

$635

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