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3224 Southmore Blvd, Houston, TX 77004

3 beds • 3 baths • 2356 sqft

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This property looks like a bad Airbnb investment with a projected -24.99% first-year return on $164k initial cash invested.

-24.99%

Cash On Cash

0.46%

Cap Rate

0.08

DSCR

$2,768

Rent

-$3,414

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,768 income − $6,182 expenses = $3,414 out of pocket

Income$2,768Out of Pocket$3,414Mortgage P&I$3,572129%Property Taxes$1,03838%Insurance$2439%Management$41515%CapEx$1114%Maintenance$1114%Other$69225%

Investment Breakdown

|

Purchase Price

$695k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$164k

Downpayment

20%

$139k

Closing costs

1%

$6,950

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$2,768

Total Expenses

$6,182

Mortgage P&I

129%

$3,572

Property Taxes

38%

$1,038

Home Insurance

9%

$243

HOA

0%

$0

Property Management

15%

$415

CapEx

4%

$111

Vacancy

0%

$0

Maintenance

4%

$111

Other

25%

$692

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