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2523 Avenue M, Galveston, TX 77550

3 beds • 3 baths • 2042 sqft

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This property looks like a bad Long-Term investment with a projected -8.37% first-year return on $83,139 initial cash invested.

-8.37%

Cash On Cash

4.61%

Cap Rate

0.78

DSCR

$2,820

Rent

-$580

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

$83,139

Downpayment

20%

$79,180

Closing costs

1%

$3,959

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,820

Total Expenses

$3,400

Mortgage P&I

70%

$1,960

Property Taxes

20%

$568

Home Insurance

5%

$139

HOA

0%

$0

Property Management

10%

$282

CapEx

5%

$141

Vacancy

6%

$169

Maintenance

5%

$141

Other

0%

$0

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