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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 -16.9% first-year return on $102k initial cash invested.

-16.9%

Cash On Cash

1.9%

Cap Rate

0.32

DSCR

$2,687

Rent

-$1,430

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,687 income − $4,117 expenses = $1,430 out of pocket

Income$2,687Out of Pocket$1,430Mortgage P&I$1,95273%Property Taxes$66225%Insurance$1496%HOA$652%Management$40315%CapEx$1074%Maintenance$1074%Other$67225%

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

$2,687

Total Expenses

$4,117

Mortgage P&I

73%

$1,952

Property Taxes

25%

$662

Home Insurance

6%

$149

HOA

2%

$65

Property Management

15%

$403

CapEx

4%

$107

Vacancy

0%

$0

Maintenance

4%

$107

Other

25%

$672

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