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1078 Corbett Canyon Rd, Arroyo Grande, CA 93420
3 beds • 4 baths • 3300 sqft
$2,400,000
View on ZillowThis property looks like a bad Long-Term investment with a projected -23.13% first-year return on $504k initial cash invested.
-23.13%
Cash On Cash
1.35%
Cap Rate
0.22
DSCR
$5,049
Rent
-$9,715
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$5,049 income − $14,764 expenses = $9,715 out of pocket
Investment Breakdown
|
Purchase Price
$2400k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$504k
Downpayment
20%
$480k
Closing costs
1%
$24,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,049
Total Expenses
$14,764
Mortgage P&I
241%
$12,155
Property Taxes
9%
$457
Home Insurance
17%
$840
HOA
0%
$0
Property Management
10%
$505
CapEx
5%
$252
Vacancy
6%
$303
Maintenance
5%
$252
Other
0%
$0