REI Lense

REI Lense

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Target property

2314 34th St, Galveston, TX 77550

3 beds • 2 baths • 1260 sqft

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This property looks like a bad Airbnb investment with a projected -29.02% first-year return on $94,293 initial cash invested.

-29.02%

Cash On Cash

-1.48%

Cap Rate

-0.25

DSCR

$0

Rent

-$2,280

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$0 income − $2,280 expenses = $2,280 out of pocket

Income$0Out of Pocket$2,280Mortgage P&I$1,831Property Taxes$314Insurance$135

Investment Breakdown

|

Purchase Price

$363k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$94,293

Downpayment

20%

$72,660

Closing costs

1%

$3,633

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$0

Total Expenses

$2,280

Mortgage P&I

18310000%

$1,831

Property Taxes

3140000%

$314

Home Insurance

1350000%

$135

HOA

0%

$0

Property Management

0%

$0

CapEx

0%

$0

Vacancy

0%

$0

Maintenance

0%

$0

Other

0%

$0

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