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7836 Merit Ln, Plano, TX 75024

3 beds • 5 baths • 2968 sqft

$1,375,000

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This property looks like a bad Airbnb investment with a projected -28.46% first-year return on $307k initial cash invested.

-28.46%

Cash On Cash

-0.12%

Cap Rate

-0.02

DSCR

$3,767

Rent

-$7,275

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,767 income − $11,042 expenses = $7,275 out of pocket

Income$3,767Out of Pocket$7,275Mortgage P&I$6,986185%Property Taxes$1,61643%Insurance$48113%HOA$1504%Management$56515%CapEx$1514%Maintenance$1514%Other$94225%

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

$3,767

Total Expenses

$11,042

Mortgage P&I

185%

$6,986

Property Taxes

43%

$1,616

Home Insurance

13%

$481

HOA

4%

$150

Property Management

15%

$565

CapEx

4%

$151

Vacancy

0%

$0

Maintenance

4%

$151

Other

25%

$942

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