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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 -23.35% first-year return on $117k initial cash invested.

-23.35%

Cash On Cash

0.42%

Cap Rate

0.07

DSCR

$2,255

Rent

-$2,268

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,255 income − $4,523 expenses = $2,268 out of pocket

Income$2,255Out of Pocket$2,268Mortgage P&I$2,341104%Property Taxes$93041%Insurance$1708%Management$33815%CapEx$904%Maintenance$904%Other$56425%

Investment Breakdown

|

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

$2,255

Total Expenses

$4,523

Mortgage P&I

104%

$2,341

Property Taxes

41%

$930

Home Insurance

8%

$170

HOA

0%

$0

Property Management

15%

$338

CapEx

4%

$90

Vacancy

0%

$0

Maintenance

4%

$90

Other

25%

$564

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