REI Lense

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465 Ridge Meade Dr, Lewisville, TX 75067

3 beds • 2 baths • 1743 sqft

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This property looks like a bad Airbnb investment with a projected -11.49% first-year return on $102k initial cash invested.

-11.49%

Cash On Cash

3.39%

Cap Rate

0.58

DSCR

$3,570

Rent

-$972

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$398k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$102k

Downpayment

20%

$79,560

Closing costs

1%

$3,978

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,570

Total Expenses

$4,542

Mortgage P&I

55%

$1,952

Property Taxes

19%

$662

Home Insurance

4%

$149

HOA

2%

$65

Property Management

15%

$536

CapEx

4%

$143

Vacancy

0%

$0

Maintenance

4%

$143

Other

25%

$892

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