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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 -23.63% first-year return on $212k initial cash invested.

-23.63%

Cash On Cash

0.7%

Cap Rate

0.12

DSCR

$3,974

Rent

-$4,179

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,974 income − $8,153 expenses = $4,179 out of pocket

Income$3,974Out of Pocket$4,179Mortgage P&I$4,560115%Property Taxes$1,36134%Insurance$3248%Management$59615%CapEx$1594%Maintenance$1594%Other$99425%

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

$3,974

Total Expenses

$8,153

Mortgage P&I

115%

$4,560

Property Taxes

34%

$1,361

Home Insurance

8%

$324

HOA

0%

$0

Property Management

15%

$596

CapEx

4%

$159

Vacancy

0%

$0

Maintenance

4%

$159

Other

25%

$994

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