REI Lense

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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 -0.27% first-year return on $67,350 initial cash invested.

-0.27%

Cash On Cash

6.57%

Cap Rate

1.09

DSCR

$2,890

Rent

-$15

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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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

$2,890

Total Expenses

$2,905

Mortgage P&I

41%

$1,185

Property Taxes

9%

$250

Home Insurance

3%

$82

HOA

0%

$0

Property Management

15%

$434

CapEx

4%

$116

Vacancy

0%

$0

Maintenance

4%

$116

Other

25%

$722

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