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1045 Southern Hills Dr, Banning, CA 92220

3 beds • 2 baths • 1247 sqft

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This property looks like a bad Airbnb investment with a projected -6.9% first-year return on $113k initial cash invested.

-6.9%

Cash On Cash

4.6%

Cap Rate

0.79

DSCR

$4,797

Rent

-$647

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,797 income − $5,444 expenses = $647 out of pocket

Income$4,797Out of Pocket$647Mortgage P&I$2,17945%Property Taxes$4399%Insurance$1583%HOA$3658%Management$72015%CapEx$1924%Maintenance$1924%Other$1,19925%

Investment Breakdown

|

Purchase Price

$450k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$113k

Downpayment

20%

$90,000

Closing costs

1%

$4,500

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,797

Total Expenses

$5,444

Mortgage P&I

45%

$2,179

Property Taxes

9%

$439

Home Insurance

3%

$158

HOA

8%

$365

Property Management

15%

$720

CapEx

4%

$192

Vacancy

0%

$0

Maintenance

4%

$192

Other

25%

$1,199

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