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6005 Norfolk Dr, Garland, TX 75044

3 beds • 3 baths • 2289 sqft

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This property looks like a bad Airbnb investment with a projected -14.4% first-year return on $117k initial cash invested.

-14.4%

Cash On Cash

2.81%

Cap Rate

0.47

DSCR

$3,928

Rent

-$1,398

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,928 income − $5,326 expenses = $1,398 out of pocket

Income$3,928Out of Pocket$1,398Mortgage P&I$2,34160%Property Taxes$93024%Insurance$1704%Management$58915%CapEx$1574%Maintenance$1574%Other$98225%

Investment Breakdown

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Purchase Price

$469k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$117k

Downpayment

20%

$93,840

Closing costs

1%

$4,692

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,928

Total Expenses

$5,326

Mortgage P&I

60%

$2,341

Property Taxes

24%

$930

Home Insurance

4%

$170

HOA

0%

$0

Property Management

15%

$589

CapEx

4%

$157

Vacancy

0%

$0

Maintenance

4%

$157

Other

25%

$982

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