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503 Spindrift Cir, Richmond, TX 77469

3 beds • 3 baths • 2791 sqft

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This property looks like a bad Airbnb investment with a projected -29.54% first-year return on $121k initial cash invested.

-29.54%

Cash On Cash

-1.12%

Cap Rate

-0.19

DSCR

$1,592

Rent

-$2,976

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,592 income − $4,568 expenses = $2,976 out of pocket

Income$1,592Out of Pocket$2,976Mortgage P&I$2,454154%Property Taxes$99462%Insurance$17211%HOA$18311%Management$23915%CapEx$644%Maintenance$644%Other$39825%

Investment Breakdown

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Purchase Price

$490k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$121k

Downpayment

20%

$98,000

Closing costs

1%

$4,900

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$1,592

Total Expenses

$4,568

Mortgage P&I

154%

$2,454

Property Taxes

62%

$994

Home Insurance

11%

$172

HOA

11%

$183

Property Management

15%

$239

CapEx

4%

$64

Vacancy

0%

$0

Maintenance

4%

$64

Other

25%

$398

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