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1222 24th Ave N, Texas City, TX 77590

3 beds • 2 baths • 1985 sqft

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This property looks like a bad Airbnb investment with a projected -25.13% first-year return on $76,842 initial cash invested.

-25.13%

Cash On Cash

-0.63%

Cap Rate

-0.1

DSCR

$873

Rent

-$1,609

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$873 income − $2,482 expenses = $1,609 out of pocket

Income$873Out of Pocket$1,609Mortgage P&I$1,427163%Property Taxes$53661%Insurance$10011%Management$13115%CapEx$354%Maintenance$354%Other$21825%

Investment Breakdown

|

Purchase Price

$280k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,842

Downpayment

20%

$56,040

Closing costs

1%

$2,802

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$873

Total Expenses

$2,482

Mortgage P&I

163%

$1,427

Property Taxes

61%

$536

Home Insurance

11%

$100

HOA

0%

$0

Property Management

15%

$131

CapEx

4%

$35

Vacancy

0%

$0

Maintenance

4%

$35

Other

25%

$218

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