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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 -10.25% first-year return on $70,500 initial cash invested.

-10.25%

Cash On Cash

3.55%

Cap Rate

0.58

DSCR

$1,747

Rent

-$602

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,747 income − $2,349 expenses = $602 out of pocket

Income$1,747Out of Pocket$602Mortgage P&I$1,27173%Property Taxes$1519%Insurance$885%Management$26215%CapEx$704%Maintenance$704%Other$43725%

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

$1,747

Total Expenses

$2,349

Mortgage P&I

73%

$1,271

Property Taxes

9%

$151

Home Insurance

5%

$88

HOA

0%

$0

Property Management

15%

$262

CapEx

4%

$70

Vacancy

0%

$0

Maintenance

4%

$70

Other

25%

$437

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