5 Beds 3 baths in Crystal Beach TX

🔥 🦞 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