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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 -28.78% first-year return on $121k initial cash invested.

-28.78%

Cash On Cash

-0.92%

Cap Rate

-0.15

DSCR

$1,739

Rent

-$2,900

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,739 income − $4,639 expenses = $2,900 out of pocket

Income$1,739Out of Pocket$2,900Mortgage P&I$2,454141%Property Taxes$99457%Insurance$17210%HOA$18311%Management$26115%CapEx$704%Maintenance$704%Other$43525%

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

$1,739

Total Expenses

$4,639

Mortgage P&I

141%

$2,454

Property Taxes

57%

$994

Home Insurance

10%

$172

HOA

11%

$183

Property Management

15%

$261

CapEx

4%

$70

Vacancy

0%

$0

Maintenance

4%

$70

Other

25%

$435

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