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921 High Point Dr, Midlothian, TX 76065

3 beds • 2 baths • 1432 sqft

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This property looks like a bad Airbnb investment with a projected -16.15% first-year return on $92,529 initial cash invested.

-16.15%

Cash On Cash

1.96%

Cap Rate

0.33

DSCR

$2,174

Rent

-$1,245

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,174 income − $3,419 expenses = $1,245 out of pocket

Income$2,174Out of Pocket$1,245Mortgage P&I$1,73780%Property Taxes$51224%Insurance$1266%Management$32615%CapEx$874%Maintenance$874%Other$54425%

Investment Breakdown

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Purchase Price

$355k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$92,529

Downpayment

20%

$70,980

Closing costs

1%

$3,549

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,174

Total Expenses

$3,419

Mortgage P&I

80%

$1,737

Property Taxes

24%

$512

Home Insurance

6%

$126

HOA

0%

$0

Property Management

15%

$326

CapEx

4%

$87

Vacancy

0%

$0

Maintenance

4%

$87

Other

25%

$544

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