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843 Royal Lakes Blvd, Richmond, TX 77469

3 beds • 5 baths • 5063 sqft

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This property looks like a bad Airbnb investment with a projected -29.58% first-year return on $196k initial cash invested.

-29.58%

Cash On Cash

-0.81%

Cap Rate

-0.14

DSCR

$2,035

Rent

-$4,843

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,035 income − $6,878 expenses = $4,843 out of pocket

Income$2,035Out of Pocket$4,843Mortgage P&I$4,189206%Property Taxes$1,23761%Insurance$29815%HOA$1789%Management$30515%CapEx$814%Maintenance$814%Other$50925%

Investment Breakdown

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Purchase Price

$850k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$196k

Downpayment

20%

$170k

Closing costs

1%

$8,499

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$2,035

Total Expenses

$6,878

Mortgage P&I

206%

$4,189

Property Taxes

61%

$1,237

Home Insurance

15%

$298

HOA

9%

$178

Property Management

15%

$305

CapEx

4%

$81

Vacancy

0%

$0

Maintenance

4%

$81

Other

25%

$509

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