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711 31st St, Galveston, TX 77550

3 beds • 2 baths • 1083 sqft

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This property looks like a bad Airbnb investment with a projected -4.65% first-year return on $67,350 initial cash invested.

-4.65%

Cash On Cash

5.21%

Cap Rate

0.86

DSCR

$2,417

Rent

-$261

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,417 income − $2,678 expenses = $261 out of pocket

Income$2,417Out of Pocket$261Mortgage P&I$1,18549%Property Taxes$25010%Insurance$823%Management$36315%CapEx$974%Maintenance$974%Other$60425%

Investment Breakdown

|

Purchase Price

$235k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,350

Downpayment

20%

$47,000

Closing costs

1%

$2,350

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,417

Total Expenses

$2,678

Mortgage P&I

49%

$1,185

Property Taxes

10%

$250

Home Insurance

3%

$82

HOA

0%

$0

Property Management

15%

$363

CapEx

4%

$97

Vacancy

0%

$0

Maintenance

4%

$97

Other

25%

$604

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