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4503 Carmel River Ln, Spring, TX 77388

3 beds • 2 baths • 2081 sqft

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This property looks like a bad Airbnb investment with a projected -22.88% first-year return on $93,600 initial cash invested.

-22.88%

Cash On Cash

0.57%

Cap Rate

0.09

DSCR

$1,929

Rent

-$1,785

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,929 income − $3,714 expenses = $1,785 out of pocket

Income$1,929Out of Pocket$1,785Mortgage P&I$1,88097%Property Taxes$69036%Insurance$1267%HOA$935%Management$28915%CapEx$774%Maintenance$774%Other$48225%

Investment Breakdown

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Purchase Price

$360k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$93,600

Downpayment

20%

$72,000

Closing costs

1%

$3,600

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$1,929

Total Expenses

$3,714

Mortgage P&I

97%

$1,880

Property Taxes

36%

$690

Home Insurance

7%

$126

HOA

5%

$93

Property Management

15%

$289

CapEx

4%

$77

Vacancy

0%

$0

Maintenance

4%

$77

Other

25%

$482

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