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1 Cormorant Cir, Newport Beach, CA 92660

3 beds • 3 baths • 1739 sqft

$1,850,000

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This property looks like a bad Airbnb investment with a projected -24.62% first-year return on $407k initial cash invested.

-24.62%

Cash On Cash

0.68%

Cap Rate

0.11

DSCR

$4,335

Rent

-$8,341

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,335 income − $12,676 expenses = $8,341 out of pocket

Income$4,335Out of Pocket$8,341Mortgage P&I$9,218213%Property Taxes$43510%Insurance$64815%HOA$2957%Management$65015%CapEx$1734%Maintenance$1734%Other$1,08425%

Investment Breakdown

|

Purchase Price

$1850k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$407k

Downpayment

20%

$370k

Closing costs

1%

$18,500

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$4,335

Total Expenses

$12,676

Mortgage P&I

213%

$9,218

Property Taxes

10%

$435

Home Insurance

15%

$648

HOA

7%

$295

Property Management

15%

$650

CapEx

4%

$173

Vacancy

0%

$0

Maintenance

4%

$173

Other

25%

$1,084

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