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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 -22.46% first-year return on $123k initial cash invested.

-22.46%

Cash On Cash

0.85%

Cap Rate

0.14

DSCR

$2,328

Rent

-$2,298

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,328 income − $4,626 expenses = $2,298 out of pocket

Income$2,328Out of Pocket$2,298Mortgage P&I$2,558110%Property Taxes$75632%Insurance$1758%HOA$201%Management$34915%CapEx$934%Maintenance$934%Other$58225%

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

$2,328

Total Expenses

$4,626

Mortgage P&I

110%

$2,558

Property Taxes

32%

$756

Home Insurance

8%

$175

HOA

1%

$20

Property Management

15%

$349

CapEx

4%

$93

Vacancy

0%

$0

Maintenance

4%

$93

Other

25%

$582

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