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708 Clear Water Ct, Corsicana, TX 75109

3 beds • 4 baths • 2774 sqft

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This property looks like a bad Airbnb investment with a projected -19.11% first-year return on $218k initial cash invested.

-19.11%

Cash On Cash

1.51%

Cap Rate

0.27

DSCR

$4,195

Rent

-$3,464

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,195 income − $7,659 expenses = $3,464 out of pocket

Income$4,195Out of Pocket$3,464Mortgage P&I$4,489107%Property Taxes$82420%Insurance$3328%Management$62915%CapEx$1684%Maintenance$1684%Other$1,04925%

Investment Breakdown

|

Purchase Price

$950k

Downpayment

20.0%

Interest Rate

5.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$218k

Downpayment

20%

$190k

Closing costs

1%

$9,500

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$4,195

Total Expenses

$7,659

Mortgage P&I

107%

$4,489

Property Taxes

20%

$824

Home Insurance

8%

$332

HOA

0%

$0

Property Management

15%

$629

CapEx

4%

$168

Vacancy

0%

$0

Maintenance

4%

$168

Other

25%

$1,049

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