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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 -5.79% first-year return on $89,400 initial cash invested.

-5.79%

Cash On Cash

5.01%

Cap Rate

0.84

DSCR

$3,873

Rent

-$431

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,873 income − $4,304 expenses = $431 out of pocket

Income$3,873Out of Pocket$431Mortgage P&I$1,69544%Property Taxes$63116%Insurance$1193%Management$58115%CapEx$1554%Maintenance$1554%Other$96825%

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

$3,873

Total Expenses

$4,304

Mortgage P&I

44%

$1,695

Property Taxes

16%

$631

Home Insurance

3%

$119

HOA

0%

$0

Property Management

15%

$581

CapEx

4%

$155

Vacancy

0%

$0

Maintenance

4%

$155

Other

25%

$968

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