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405 N Chestnut St, McKinney, TX 75069

3 beds • 3 baths • 2283 sqft

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This property looks like a bad Airbnb investment with a projected -15.61% first-year return on $128k initial cash invested.

-15.61%

Cash On Cash

2.59%

Cap Rate

0.43

DSCR

$3,498

Rent

-$1,668

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$525k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$128k

Downpayment

20%

$105k

Closing costs

1%

$5,250

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,498

Total Expenses

$5,166

Mortgage P&I

76%

$2,662

Property Taxes

18%

$641

Home Insurance

5%

$184

HOA

0%

$0

Property Management

15%

$525

CapEx

4%

$140

Vacancy

0%

$0

Maintenance

4%

$140

Other

25%

$874

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Comparable Property

Rent

ADR

Beds

Baths

Distance

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$4,612

$266

3

2.5

0.38 mi

Luxury 1920 Downtown Bungalow

$4,750

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3

2.5

0.5 mi

THE NEST-CHARMING HOME 1 BLK TO DOWNTOWN MCKINNEY!

$4,837

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3

2

0.35 mi

Modern Cabin Style Home 1 Blk To Downtown McKinney

$4,300

$248

3

2

0.44 mi

104 W Rancho Del Cerro

$2,500

$250

4

2

1.3 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

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