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4015 Mitote Dr, Galveston, TX 77554

3 beds • 3 baths • 1358 sqft

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This property looks like a bad Airbnb investment with a projected -11.68% first-year return on $127k initial cash invested.

-11.68%

Cash On Cash

3.31%

Cap Rate

0.57

DSCR

$4,167

Rent

-$1,237

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,167 income − $5,404 expenses = $1,237 out of pocket

Income$4,167Out of Pocket$1,237Mortgage P&I$2,50260%Property Taxes$67716%Insurance$1824%HOA$421%Management$62515%CapEx$1674%Maintenance$1674%Other$1,04225%

Investment Breakdown

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Purchase Price

$520k

Downpayment

20.0%

Interest Rate

6.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$127k

Downpayment

20%

$104k

Closing costs

1%

$5,195

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,167

Total Expenses

$5,404

Mortgage P&I

60%

$2,502

Property Taxes

16%

$677

Home Insurance

4%

$182

HOA

1%

$42

Property Management

15%

$625

CapEx

4%

$167

Vacancy

0%

$0

Maintenance

4%

$167

Other

25%

$1,042

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