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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 -15.44% first-year return on $127k initial cash invested.

-15.44%

Cash On Cash

2.32%

Cap Rate

0.4

DSCR

$3,400

Rent

-$1,635

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,400 income − $5,035 expenses = $1,635 out of pocket

Income$3,400Out of Pocket$1,635Mortgage P&I$2,50274%Property Taxes$67720%Insurance$1825%HOA$421%Management$51015%CapEx$1364%Maintenance$1364%Other$85025%

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

$3,400

Total Expenses

$5,035

Mortgage P&I

74%

$2,502

Property Taxes

20%

$677

Home Insurance

5%

$182

HOA

1%

$42

Property Management

15%

$510

CapEx

4%

$136

Vacancy

0%

$0

Maintenance

4%

$136

Other

25%

$850

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