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415 Morningside Dr, Friendswood, TX 77546

3 beds • 2 baths • 1698 sqft

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This property looks like a bad Airbnb investment with a projected -3.29% first-year return on $73,650 initial cash invested.

-3.29%

Cash On Cash

5.9%

Cap Rate

0.94

DSCR

$3,160

Rent

-$202

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,160 income − $3,362 expenses = $202 out of pocket

Income$3,160Out of Pocket$202Mortgage P&I$1,38044%Property Taxes$37312%Insurance$933%Management$47415%CapEx$1264%Maintenance$1264%Other$79025%

Investment Breakdown

|

Purchase Price

$265k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,650

Downpayment

20%

$53,000

Closing costs

1%

$2,650

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,160

Total Expenses

$3,362

Mortgage P&I

44%

$1,380

Property Taxes

12%

$373

Home Insurance

3%

$93

HOA

0%

$0

Property Management

15%

$474

CapEx

4%

$126

Vacancy

0%

$0

Maintenance

4%

$126

Other

25%

$790

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