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924 Allston St, Houston, TX 77008

4 beds • 3 baths • 2749 sqft

$1,699,000

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This property looks like a bad Airbnb investment with a projected -23.59% first-year return on $381k initial cash invested.

-23.59%

Cash On Cash

1.08%

Cap Rate

0.17

DSCR

$6,642

Rent

-$7,486

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$1699k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$381k

Downpayment

20%

$340k

Closing costs

1%

$16,990

Rehab

0%

$0

Furnishing

1%

$24,000

Cashflow

Total Income

$6,642

Total Expenses

$14,128

Mortgage P&I

132%

$8,749

Property Taxes

24%

$1,596

Home Insurance

9%

$595

HOA

0%

$0

Property Management

15%

$996

CapEx

4%

$266

Vacancy

0%

$0

Maintenance

4%

$266

Other

25%

$1,660

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Comparable Property

Rent

ADR

Beds

Baths

Distance

Harding Heights, Houston - 817 Alexander

$4,701

$281

4

3.5

0.48 mi

~ The Blue Bungalow retreat ~

$6,407

$383

4

3

0.58 mi

Luxury Home: Putt Putt & Hot Tub

$6,391

$382

4

2.5

0.28 mi

Heated Pool+Game Room+Arcades+Mini Golf+Corn Hole+BBQ

$8,398

$502

4

3.5

0.6 mi

104 W Rancho Del Cerro

$2,500

$250

4

2

1.3 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

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