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3412 Oates Dr, Mesquite, TX 75150

3 beds • 2 baths • 1312 sqft

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This property looks like a bad Airbnb investment with a projected -7.84% first-year return on $65,040 initial cash invested.

-7.84%

Cash On Cash

4.57%

Cap Rate

0.72

DSCR

$2,324

Rent

-$425

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,324 income − $2,749 expenses = $425 out of pocket

Income$2,324Out of Pocket$425Mortgage P&I$1,18551%Property Taxes$36816%Insurance$803%Management$34915%CapEx$934%Maintenance$934%Other$58125%

Investment Breakdown

|

Purchase Price

$224k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,040

Downpayment

20%

$44,800

Closing costs

1%

$2,240

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,324

Total Expenses

$2,749

Mortgage P&I

51%

$1,185

Property Taxes

16%

$368

Home Insurance

3%

$80

HOA

0%

$0

Property Management

15%

$349

CapEx

4%

$93

Vacancy

0%

$0

Maintenance

4%

$93

Other

25%

$581

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