🔥 🦞 Subto TX – Cashflowing Airbnb Beach-House Near Galveston for Only ~$69k! 🔥 🦞
Seize this exceptional Subto opportunity with a cash-flowing Airbnb beach-house near Galveston, TX. This fully furnished property, located in the STR-friendly Sandpiper neighborhood, is a prime investment for those looking to capitalize on the lucrative short-term rental market.
Property Details:
- Bedrooms: 5
- Bathrooms: 3
- Living Space: 1,700 sq ft
- Lot Size: 7,357 sq ft
- Year Built: 2022
- No HOA
Terms:
- Total Purchase Price (including assignment): $701,438.36
- Entry Fee: $74,360 + Closing Costs + Transaction Coordinator
- Mortgage Balance: $632,078.36
- Interest Rate: 6.875%
- PITI: $5,735.68 (to be reduced by $300 in 3 years after escrow shortage is paid)
- Principal: $606.06
- Interest: $3,621.28
- Escrow: $1,508.34 (including Mortgage Insurance: $182.33)
- Balloon Payment: 10 years
Recommended Exits:
- Short-Term Rental (STR): $7,500+ per month (Currently generating $92,000 annually, with $45,000 in 2024 revenue so far)
- Long-Term Rental (LTR): $4,500 per month (Zillow Rent Estimate)
- Homestead/Vacation Home
- Lease Option
Additional Notes:
- Operating Status: Currently a cash-flowing Airbnb, generating significant revenue.
- Location: Located in the Sandpiper neighborhood, just 18 miles (about 1 hour) from Galveston.
- Amenities: Fully furnished (excluding Dyson vacuum), accommodates up to 17 people, features a palapa-style tiki bar on the ground floor, deck, and game room upstairs.
- Escrow Shortage: Approximately $9,000, with monthly payment reduction of about $300 after 3 years.
This property is perfectly positioned for investors looking to maximize their returns through short-term rentals, long-term rentals, or as a personal vacation home. With its prime location near Galveston and current operation as a successful Airbnb, this beach-house offers both immediate cash flow and long-term appreciation potential. Secure this investment with a $69,360 entry fee plus closing costs and transaction coordinator fees, and enjoy the benefits of a high-performing rental property in a sought-after community.
Details
Property ID
SPSP-18430
Bedrooms
5
Bathrooms
3
Property Size
1700

Entry Cost ($)
74360

APR (%)
6.875

PITI ($)
5735

Balance ($)
632738
Updated on July 6, 2024 at 7:07 pm