REI Lense

REI Lense

Unlock all features! Tap here to upgrade

524 Salem Dr, Richardson, TX 75080

3 beds • 2 baths • 1801 sqft

Email

This property looks like a bad Airbnb investment with a projected -14.35% first-year return on $106k initial cash invested.

-14.35%

Cash On Cash

2.73%

Cap Rate

0.46

DSCR

$3,322

Rent

-$1,270

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,322 income − $4,592 expenses = $1,270 out of pocket

Income$3,322Out of Pocket$1,270Mortgage P&I$2,09463%Property Taxes$75723%Insurance$1474%Management$49815%CapEx$1334%Maintenance$1334%Other$83025%

Investment Breakdown

|

Purchase Price

$420k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$106k

Downpayment

20%

$84,000

Closing costs

1%

$4,200

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,322

Total Expenses

$4,592

Mortgage P&I

63%

$2,094

Property Taxes

23%

$757

Home Insurance

4%

$147

HOA

0%

$0

Property Management

15%

$498

CapEx

4%

$133

Vacancy

0%

$0

Maintenance

4%

$133

Other

25%

$830

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis