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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 Long-Term investment with a projected -15.89% first-year return on $75,390 initial cash invested.

-15.89%

Cash On Cash

2.9%

Cap Rate

0.49

DSCR

$1,770

Rent

-$998

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

$75,390

Downpayment

20%

$71,800

Closing costs

1%

$3,590

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,770

Total Expenses

$2,768

Mortgage P&I

100%

$1,778

Property Taxes

23%

$405

Home Insurance

7%

$126

HOA

0%

$0

Property Management

10%

$177

CapEx

5%

$88

Vacancy

6%

$106

Maintenance

5%

$88

Other

0%

$0

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Comparable Property

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Beds

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SQFT

Distance

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2

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2

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2

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1.3 mi

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4

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0.6 mi

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$1,100

2

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$2,850

5

4

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