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600 Pierce Rd, Red Oak, TX 75154

3 beds • 2 baths • 1560 sqft

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This property looks like a bad Airbnb investment with a projected -10.84% first-year return on $102k initial cash invested.

-10.84%

Cash On Cash

3.49%

Cap Rate

0.59

DSCR

$2,927

Rent

-$921

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,927 income − $3,848 expenses = $921 out of pocket

Income$2,927Out of Pocket$921Mortgage P&I$1,96867%Property Taxes$33511%Insurance$1405%Management$43915%CapEx$1174%Maintenance$1174%Other$73225%

Investment Breakdown

|

Purchase Price

$400k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$102k

Downpayment

20%

$80,000

Closing costs

1%

$4,000

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,927

Total Expenses

$3,848

Mortgage P&I

67%

$1,968

Property Taxes

11%

$335

Home Insurance

5%

$140

HOA

0%

$0

Property Management

15%

$439

CapEx

4%

$117

Vacancy

0%

$0

Maintenance

4%

$117

Other

25%

$732

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