REI Lense

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3509 Spencer St, Greenville, TX 75401

3 beds • 3 baths • 1350 sqft

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This property looks like a bad Airbnb investment with a projected -9.56% first-year return on $74,217 initial cash invested.

-9.56%

Cash On Cash

3.65%

Cap Rate

0.62

DSCR

$2,428

Rent

-$591

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$268k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,217

Downpayment

20%

$53,540

Closing costs

1%

$2,677

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,428

Total Expenses

$3,019

Mortgage P&I

54%

$1,309

Property Taxes

19%

$451

Home Insurance

4%

$94

HOA

0%

$0

Property Management

15%

$364

CapEx

4%

$97

Vacancy

0%

$0

Maintenance

4%

$97

Other

25%

$607

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