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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 -25.12% first-year return on $407k initial cash invested.

-25.12%

Cash On Cash

0.56%

Cap Rate

0.09

DSCR

$4,012

Rent

-$8,509

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,012 income − $12,521 expenses = $8,509 out of pocket

Income$4,012Out of Pocket$8,509Mortgage P&I$9,218230%Property Taxes$43511%Insurance$64816%HOA$2957%Management$60215%CapEx$1604%Maintenance$1604%Other$1,00325%

Investment Breakdown

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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

$4,012

Total Expenses

$12,521

Mortgage P&I

230%

$9,218

Property Taxes

11%

$435

Home Insurance

16%

$648

HOA

7%

$295

Property Management

15%

$602

CapEx

4%

$160

Vacancy

0%

$0

Maintenance

4%

$160

Other

25%

$1,003

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