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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 Airbnb investment with a projected -12.15% first-year return on $281k initial cash invested.

-12.15%

Cash On Cash

3.8%

Cap Rate

0.62

DSCR

$10,279

Rent

-$2,841

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

$281k

Downpayment

20%

$250k

Closing costs

1%

$12,500

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$10,279

Total Expenses

$13,120

Mortgage P&I

62%

$6,384

Property Taxes

13%

$1,304

Home Insurance

4%

$438

HOA

1%

$60

Property Management

15%

$1,542

CapEx

4%

$411

Vacancy

0%

$0

Maintenance

4%

$411

Other

25%

$2,570

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Comparable Property

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ADR

Beds

Baths

Distance

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5

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2

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0.9 mi

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5

4

0.6 mi

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$1,100

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2

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0.9 mi

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$2,850

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