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3309 Covina Ave, McAllen, TX 78503

3 beds • 2 baths • 1386 sqft

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This property looks like a bad Airbnb investment with a projected -7.85% first-year return on $70,500 initial cash invested.

-7.85%

Cash On Cash

4.28%

Cap Rate

0.7

DSCR

$2,018

Rent

-$461

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,018 income − $2,479 expenses = $461 out of pocket

Income$2,018Out of Pocket$461Mortgage P&I$1,27163%Property Taxes$1517%Insurance$884%Management$30315%CapEx$814%Maintenance$814%Other$50425%

Investment Breakdown

|

Purchase Price

$250k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,500

Downpayment

20%

$50,000

Closing costs

1%

$2,500

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,018

Total Expenses

$2,479

Mortgage P&I

63%

$1,271

Property Taxes

7%

$151

Home Insurance

4%

$88

HOA

0%

$0

Property Management

15%

$303

CapEx

4%

$81

Vacancy

0%

$0

Maintenance

4%

$81

Other

25%

$504

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