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1170 Veronica Springs Rd, Santa Barbara, CA 93105

3 beds • 2 baths • 0 sqft

$1,995,000

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This property looks like a bad Airbnb investment with a projected -22.56% first-year return on $437k initial cash invested.

-22.56%

Cash On Cash

1.28%

Cap Rate

0.21

DSCR

$5,255

Rent

-$8,216

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,255 income − $13,471 expenses = $8,216 out of pocket

Income$5,255Out of Pocket$8,216Mortgage P&I$10,140193%Property Taxes$1112%Insurance$69813%Management$78815%CapEx$2104%Maintenance$2104%Other$1,31425%

Investment Breakdown

|

Purchase Price

$1995k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$437k

Downpayment

20%

$399k

Closing costs

1%

$19,950

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$5,255

Total Expenses

$13,471

Mortgage P&I

193%

$10,140

Property Taxes

2%

$111

Home Insurance

13%

$698

HOA

0%

$0

Property Management

15%

$788

CapEx

4%

$210

Vacancy

0%

$0

Maintenance

4%

$210

Other

25%

$1,314

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