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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 -14.99% first-year return on $101k initial cash invested.

-14.99%

Cash On Cash

2.42%

Cap Rate

0.41

DSCR

$2,294

Rent

-$1,262

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,294 income − $3,556 expenses = $1,262 out of pocket

Income$2,294Out of Pocket$1,262Mortgage P&I$1,96786%Property Taxes$34715%Insurance$1406%Management$34415%CapEx$924%Maintenance$924%Other$57425%

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

$2,294

Total Expenses

$3,556

Mortgage P&I

86%

$1,967

Property Taxes

15%

$347

Home Insurance

6%

$140

HOA

0%

$0

Property Management

15%

$344

CapEx

4%

$92

Vacancy

0%

$0

Maintenance

4%

$92

Other

25%

$574

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