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1218 Fort Velasco Dr, Surfside Beach, TX 77541

3 beds • 2 baths • 1152 sqft

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This property looks like a bad Airbnb investment with a projected -16.15% first-year return on $91,490 initial cash invested.

-16.15%

Cash On Cash

2.36%

Cap Rate

0.38

DSCR

$2,303

Rent

-$1,231

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,303 income − $3,534 expenses = $1,231 out of pocket

Income$2,303Out of Pocket$1,231Mortgage P&I$1,82779%Property Taxes$48021%Insurance$1225%Management$34515%CapEx$924%Maintenance$924%Other$57625%

Investment Breakdown

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Purchase Price

$350k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,490

Downpayment

20%

$69,990

Closing costs

1%

$3,500

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,303

Total Expenses

$3,534

Mortgage P&I

79%

$1,827

Property Taxes

21%

$480

Home Insurance

5%

$122

HOA

0%

$0

Property Management

15%

$345

CapEx

4%

$92

Vacancy

0%

$0

Maintenance

4%

$92

Other

25%

$576

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