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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 -24.35% first-year return on $76,842 initial cash invested.

-24.35%

Cash On Cash

-0.4%

Cap Rate

-0.07

DSCR

$971

Rent

-$1,559

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$971 income − $2,530 expenses = $1,559 out of pocket

Income$971Out of Pocket$1,559Mortgage P&I$1,427147%Property Taxes$53655%Insurance$10010%Management$14615%CapEx$394%Maintenance$394%Other$24325%

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

$971

Total Expenses

$2,530

Mortgage P&I

147%

$1,427

Property Taxes

55%

$536

Home Insurance

10%

$100

HOA

0%

$0

Property Management

15%

$146

CapEx

4%

$39

Vacancy

0%

$0

Maintenance

4%

$39

Other

25%

$243

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