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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 -11.86% first-year return on $102k initial cash invested.

-11.86%

Cash On Cash

3.21%

Cap Rate

0.54

DSCR

$2,759

Rent

-$1,008

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,759 income − $3,767 expenses = $1,008 out of pocket

Income$2,759Out of Pocket$1,008Mortgage P&I$1,96871%Property Taxes$33512%Insurance$1405%Management$41415%CapEx$1104%Maintenance$1104%Other$69025%

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

$2,759

Total Expenses

$3,767

Mortgage P&I

71%

$1,968

Property Taxes

12%

$335

Home Insurance

5%

$140

HOA

0%

$0

Property Management

15%

$414

CapEx

4%

$110

Vacancy

0%

$0

Maintenance

4%

$110

Other

25%

$690

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