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508 Forest Cir, Irving, TX 75062

3 beds • 2 baths • 1808 sqft

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This property looks like a bad Airbnb investment with a projected -19.45% first-year return on $89,400 initial cash invested.

-19.45%

Cash On Cash

1.14%

Cap Rate

0.19

DSCR

$1,916

Rent

-$1,449

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,916 income − $3,365 expenses = $1,449 out of pocket

Income$1,916Out of Pocket$1,449Mortgage P&I$1,69588%Property Taxes$63133%Insurance$1196%Management$28715%CapEx$774%Maintenance$774%Other$47925%

Investment Breakdown

|

Purchase Price

$340k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,400

Downpayment

20%

$68,000

Closing costs

1%

$3,400

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$1,916

Total Expenses

$3,365

Mortgage P&I

88%

$1,695

Property Taxes

33%

$631

Home Insurance

6%

$119

HOA

0%

$0

Property Management

15%

$287

CapEx

4%

$77

Vacancy

0%

$0

Maintenance

4%

$77

Other

25%

$479

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