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4023 1st St, Galveston, TX 77554

3 beds • 3 baths • 2228 sqft

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This property looks like a bad Airbnb investment with a projected -23.17% first-year return on $123k initial cash invested.

-23.17%

Cash On Cash

0.66%

Cap Rate

0.11

DSCR

$2,187

Rent

-$2,371

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,187 income − $4,558 expenses = $2,371 out of pocket

Income$2,187Out of Pocket$2,371Mortgage P&I$2,558117%Property Taxes$75635%Insurance$1758%HOA$201%Management$32815%CapEx$874%Maintenance$874%Other$54725%

Investment Breakdown

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Purchase Price

$499k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$123k

Downpayment

20%

$99,800

Closing costs

1%

$4,990

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,187

Total Expenses

$4,558

Mortgage P&I

117%

$2,558

Property Taxes

35%

$756

Home Insurance

8%

$175

HOA

1%

$20

Property Management

15%

$328

CapEx

4%

$87

Vacancy

0%

$0

Maintenance

4%

$87

Other

25%

$547

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