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2407 37th St, Galveston, TX 77550

2 beds • 1 baths • 909 sqft

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This property looks like a bad Airbnb investment with a projected -14.4% first-year return on $87,390 initial cash invested.

-14.4%

Cash On Cash

2.76%

Cap Rate

0.46

DSCR

$2,424

Rent

-$1,049

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$359k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$87,390

Downpayment

20%

$71,800

Closing costs

1%

$3,590

Rehab

0%

$0

Furnishing

3%

$12,000

Cashflow

Total Income

$2,424

Total Expenses

$3,473

Mortgage P&I

73%

$1,778

Property Taxes

17%

$405

Home Insurance

5%

$126

HOA

0%

$0

Property Management

15%

$364

CapEx

4%

$97

Vacancy

0%

$0

Maintenance

4%

$97

Other

25%

$606

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