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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 -23.13% first-year return on $437k initial cash invested.

-23.13%

Cash On Cash

1.15%

Cap Rate

0.19

DSCR

$4,859

Rent

-$8,422

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,859 income − $13,281 expenses = $8,422 out of pocket

Income$4,859Out of Pocket$8,422Mortgage P&I$10,140209%Property Taxes$1112%Insurance$69814%Management$72915%CapEx$1944%Maintenance$1944%Other$1,21525%

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

$4,859

Total Expenses

$13,281

Mortgage P&I

209%

$10,140

Property Taxes

2%

$111

Home Insurance

14%

$698

HOA

0%

$0

Property Management

15%

$729

CapEx

4%

$194

Vacancy

0%

$0

Maintenance

4%

$194

Other

25%

$1,215

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