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23831 San Luis Pass Rd, Galveston, TX 77554

3 beds • 3 baths • 1491 sqft

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This property looks like a bad Airbnb investment with a projected -22.88% first-year return on $212k initial cash invested.

-22.88%

Cash On Cash

0.88%

Cap Rate

0.15

DSCR

$4,226

Rent

-$4,047

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,226 income − $8,273 expenses = $4,047 out of pocket

Income$4,226Out of Pocket$4,047Mortgage P&I$4,560108%Property Taxes$1,36132%Insurance$3248%Management$63415%CapEx$1694%Maintenance$1694%Other$1,05625%

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

$4,226

Total Expenses

$8,273

Mortgage P&I

108%

$4,560

Property Taxes

32%

$1,361

Home Insurance

8%

$324

HOA

0%

$0

Property Management

15%

$634

CapEx

4%

$169

Vacancy

0%

$0

Maintenance

4%

$169

Other

25%

$1,056

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