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$3,376 (target)

2320 Avenue O 1/2, Galveston, TX 77550

3 beds • 2 baths • 2399 sqft

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This property looks like a bad Mid-Term investment with a projected -7.4% first-year return on $95,490 initial cash invested.

-7.4%

Cash On Cash

5.22%

Cap Rate

0.78

DSCR

$3,376

Rent

-$589

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,376 income − $3,965 expenses = $589 out of pocket

Income$3,376Out of Pocket$589Mortgage P&I$2,05861%Property Taxes$63119%Insurance$1294%Management$40512%CapEx$1354%Vacancy$1013%Maintenance$1354%Other$37111%

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

$3,376

Total Expenses

$3,965

Mortgage P&I

61%

$2,058

Property Taxes

19%

$631

Home Insurance

4%

$129

HOA

0%

$0

Property Management

12%

$405

CapEx

4%

$135

Vacancy

3%

$101

Maintenance

4%

$135

Other

11%

$371

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