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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 Airbnb investment with a projected -20.57% first-year return on $522k initial cash invested.
-20.57%
Cash On Cash
1.78%
Cap Rate
0.29
DSCR
$8,662
Rent
-$8,947
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$8,662 income − $17,609 expenses = $8,947 out of pocket
Investment Breakdown
|
Purchase Price
$2400k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$522k
Downpayment
20%
$480k
Closing costs
1%
$24,000
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$8,662
Total Expenses
$17,609
Mortgage P&I
140%
$12,155
Property Taxes
5%
$457
Home Insurance
10%
$840
HOA
0%
$0
Property Management
15%
$1,299
CapEx
4%
$346
Vacancy
0%
$0
Maintenance
4%
$346
Other
25%
$2,166