REI Lense

REI Lense

Unlock all features! Tap here to upgrade

img

2523 Avenue M, Galveston, TX 77550

3 beds • 3 baths • 2042 sqft

Email

This property looks like a bad Airbnb investment with a projected -11.47% first-year return on $101k initial cash invested.

-11.47%

Cash On Cash

3.41%

Cap Rate

0.57

DSCR

$3,269

Rent

-$967

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$396k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$101k

Downpayment

20%

$79,180

Closing costs

1%

$3,959

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,269

Total Expenses

$4,236

Mortgage P&I

60%

$1,960

Property Taxes

17%

$568

Home Insurance

4%

$139

HOA

0%

$0

Property Management

15%

$490

CapEx

4%

$131

Vacancy

0%

$0

Maintenance

4%

$131

Other

25%

$817

Loading map...

Comparable Property

Rent

ADR

Beds

Baths

Distance

Hot Tub & Yard: Jimmy Buffet-Themed Galveston Home

$4,198

$321

3

2.5

0.03 mi

Historic Hideaway with pool!

$4,486

$343

3

2.5

0.04 mi

Fenced Backyard | Sleeps 11 | Fire Pit

$4,211

$322

3

3.5

0.15 mi

Myrtle Manor - Heated cowboy pool and golf cart!

$4,238

$324

3

2.5

0.44 mi

104 W Rancho Del Cerro

$2,500

$250

4

2

1.3 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis