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22621 Bay Point Dr, Galveston, TX 77554

3 beds • 6 baths • 2942 sqft

$1,250,000

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This property looks like a bad Long-Term investment with a projected -25.96% first-year return on $263k initial cash invested.

-25.96%

Cash On Cash

0.84%

Cap Rate

0.14

DSCR

$3,390

Rent

-$5,678

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$1250k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$263k

Downpayment

20%

$250k

Closing costs

1%

$12,500

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,390

Total Expenses

$9,068

Mortgage P&I

188%

$6,384

Property Taxes

38%

$1,304

Home Insurance

13%

$438

HOA

2%

$60

Property Management

10%

$339

CapEx

5%

$170

Vacancy

6%

$203

Maintenance

5%

$170

Other

0%

$0

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Comparable Property

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Distance

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$1,100

2

1

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$2,850

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