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7 Placid Ct, Odessa, TX 79762

3 beds • 3 baths • 2145 sqft

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This property looks like a bad Airbnb investment with a projected -14.94% first-year return on $101k initial cash invested.

-14.94%

Cash On Cash

2.43%

Cap Rate

0.41

DSCR

$2,300

Rent

-$1,258

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,300 income − $3,558 expenses = $1,258 out of pocket

Income$2,300Out of Pocket$1,258Mortgage P&I$1,96786%Property Taxes$34715%Insurance$1406%Management$34515%CapEx$924%Maintenance$924%Other$57525%

Investment Breakdown

|

Purchase Price

$395k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$101k

Downpayment

20%

$79,060

Closing costs

1%

$3,953

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,300

Total Expenses

$3,558

Mortgage P&I

86%

$1,967

Property Taxes

15%

$347

Home Insurance

6%

$140

HOA

0%

$0

Property Management

15%

$345

CapEx

4%

$92

Vacancy

0%

$0

Maintenance

4%

$92

Other

25%

$575

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