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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 -24.74% first-year return on $384k initial cash invested.

-24.74%

Cash On Cash

-0.64%

Cap Rate

-0.1

DSCR

$2,070

Rent

-$7,912

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,070 income − $9,982 expenses = $7,912 out of pocket

Income$2,070Out of Pocket$7,912Mortgage P&I$7,087342%Property Taxes$1,41168%Insurance$49024%Management$31015%CapEx$834%Maintenance$834%Other$51825%

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

$2,070

Total Expenses

$9,982

Mortgage P&I

342%

$7,087

Property Taxes

68%

$1,411

Home Insurance

24%

$490

HOA

0%

$0

Property Management

15%

$310

CapEx

4%

$83

Vacancy

0%

$0

Maintenance

4%

$83

Other

25%

$518

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