REI Lense

REI Lense

Unlock all features! Tap here to upgrade

7836 Merit Ln, Plano, TX 75024

3 beds • 5 baths • 2968 sqft

$1,375,000

View on Zillow
Email

This property looks like a bad Airbnb investment with a projected -28.29% first-year return on $307k initial cash invested.

-28.29%

Cash On Cash

-0.08%

Cap Rate

-0.01

DSCR

$3,849

Rent

-$7,231

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,849 income − $11,080 expenses = $7,231 out of pocket

Income$3,849Out of Pocket$7,231Mortgage P&I$6,986182%Property Taxes$1,61642%Insurance$48112%HOA$1504%Management$57715%CapEx$1544%Maintenance$1544%Other$96225%

Investment Breakdown

|

Purchase Price

$1375k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$307k

Downpayment

20%

$275k

Closing costs

1%

$13,750

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$3,849

Total Expenses

$11,080

Mortgage P&I

182%

$6,986

Property Taxes

42%

$1,616

Home Insurance

13%

$481

HOA

4%

$150

Property Management

15%

$577

CapEx

4%

$154

Vacancy

0%

$0

Maintenance

4%

$154

Other

25%

$962

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis