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2320 Avenue O 1/2, Galveston, TX 77550

3 beds • 2 baths • 2399 sqft

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This property looks like a bad Airbnb investment with a projected -18.67% first-year return on $95,490 initial cash invested.

-18.67%

Cash On Cash

2.19%

Cap Rate

0.33

DSCR

$2,560

Rent

-$1,486

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,560 income − $4,046 expenses = $1,486 out of pocket

Income$2,560Out of Pocket$1,486Mortgage P&I$2,05880%Property Taxes$63125%Insurance$1295%Management$38415%CapEx$1024%Maintenance$1024%Other$64025%

Investment Breakdown

|

Purchase Price

$369k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$95,490

Downpayment

20%

$73,800

Closing costs

1%

$3,690

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,560

Total Expenses

$4,046

Mortgage P&I

80%

$2,058

Property Taxes

25%

$631

Home Insurance

5%

$129

HOA

0%

$0

Property Management

15%

$384

CapEx

4%

$102

Vacancy

0%

$0

Maintenance

4%

$102

Other

25%

$640

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