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1063 Pierce Dr, Clovis, CA 93612

15 beds • 8 baths • 5500 sqft • 2 units

$1,399,000

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This property looks like a bad Airbnb investment with a projected -23.6% first-year return on $384k initial cash invested.

-23.6%

Cash On Cash

-0.3%

Cap Rate

-0.05

DSCR

$2,772

Rent

-$7,547

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,772 income − $10,319 expenses = $7,547 out of pocket

Income$2,772Out of Pocket$7,547Mortgage P&I$7,087256%Property Taxes$1,41151%Insurance$49018%Management$41615%CapEx$1114%Maintenance$1114%Other$69325%

Investment Breakdown

|

Purchase Price

$1399k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$384k

Downpayment

20%

$280k

Closing costs

1%

$13,990

Rehab

0%

$0

Furnishing

6%

$90,000

Cashflow

Total Income

$2,772

Total Expenses

$10,319

Mortgage P&I

256%

$7,087

Property Taxes

51%

$1,411

Home Insurance

18%

$490

HOA

0%

$0

Property Management

15%

$416

CapEx

4%

$111

Vacancy

0%

$0

Maintenance

4%

$111

Other

25%

$693

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