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524 Salem Dr, Richardson, TX 75080

3 beds • 2 baths • 1801 sqft

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This property looks like a bad Airbnb investment with a projected -13.01% first-year return on $106k initial cash invested.

-13.01%

Cash On Cash

3.1%

Cap Rate

0.52

DSCR

$3,552

Rent

-$1,151

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,552 income − $4,703 expenses = $1,151 out of pocket

Income$3,552Out of Pocket$1,151Mortgage P&I$2,09459%Property Taxes$75721%Insurance$1474%Management$53315%CapEx$1424%Maintenance$1424%Other$88825%

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

$3,552

Total Expenses

$4,703

Mortgage P&I

59%

$2,094

Property Taxes

21%

$757

Home Insurance

4%

$147

HOA

0%

$0

Property Management

15%

$533

CapEx

4%

$142

Vacancy

0%

$0

Maintenance

4%

$142

Other

25%

$888

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