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$3,741 (target)

2815 Ball St, Galveston, TX 77550

3 beds • 3 baths • 1824 sqft

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This property looks like a bad Mid-Term investment with a projected -1.31% first-year return on $98,850 initial cash invested.

-1.31%

Cash On Cash

6.71%

Cap Rate

1.02

DSCR

$3,741

Rent

-$108

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,741 income − $3,849 expenses = $108 out of pocket

Income$3,741Out of Pocket$108Mortgage P&I$2,11156%Property Taxes$3309%Insurance$1354%Management$44912%CapEx$1504%Vacancy$1123%Maintenance$1504%Other$41211%

Investment Breakdown

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Purchase Price

$385k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$98,850

Downpayment

20%

$77,000

Closing costs

1%

$3,850

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,741

Total Expenses

$3,849

Mortgage P&I

56%

$2,111

Property Taxes

9%

$330

Home Insurance

4%

$135

HOA

0%

$0

Property Management

12%

$449

CapEx

4%

$150

Vacancy

3%

$112

Maintenance

4%

$150

Other

11%

$412

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