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404 Summit Ridge Ct, Willis, TX 77318

3 beds • 4 baths • 2558 sqft

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This property looks like a bad Airbnb investment with a projected -28.46% first-year return on $107k initial cash invested.

-28.46%

Cash On Cash

-0.81%

Cap Rate

-0.13

DSCR

$2,024

Rent

-$2,530

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,024 income − $4,554 expenses = $2,530 out of pocket

Income$2,024Out of Pocket$2,530Mortgage P&I$2,165107%Property Taxes$1,17558%Insurance$1507%HOA$925%Management$30415%CapEx$814%Maintenance$814%Other$50625%

Investment Breakdown

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Purchase Price

$422k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$107k

Downpayment

20%

$84,460

Closing costs

1%

$4,223

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,024

Total Expenses

$4,554

Mortgage P&I

107%

$2,165

Property Taxes

58%

$1,175

Home Insurance

7%

$150

HOA

5%

$92

Property Management

15%

$304

CapEx

4%

$81

Vacancy

0%

$0

Maintenance

4%

$81

Other

25%

$506

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