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$3,858 (target)

23831 San Luis Pass Rd, Galveston, TX 77554

3 beds • 3 baths • 1491 sqft

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This property looks like a bad Mid-Term investment with a projected -20.91% first-year return on $212k initial cash invested.

-20.91%

Cash On Cash

1.32%

Cap Rate

0.22

DSCR

$3,858

Rent

-$3,698

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,858 income − $7,556 expenses = $3,698 out of pocket

Income$3,858Out of Pocket$3,698Mortgage P&I$4,560118%Property Taxes$1,36135%Insurance$3248%Management$46312%CapEx$1544%Vacancy$1163%Maintenance$1544%Other$42411%

Investment Breakdown

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Purchase Price

$925k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$212k

Downpayment

20%

$185k

Closing costs

1%

$9,250

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$3,858

Total Expenses

$7,556

Mortgage P&I

118%

$4,560

Property Taxes

35%

$1,361

Home Insurance

8%

$324

HOA

0%

$0

Property Management

12%

$463

CapEx

4%

$154

Vacancy

3%

$116

Maintenance

4%

$154

Other

11%

$424

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