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121 Corinne Ave, Santa Cruz, CA 95065

3 beds • 2 baths • 1482 sqft

$1,399,000

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This property looks like a bad Airbnb investment with a projected -24.09% first-year return on $312k initial cash invested.

-24.09%

Cash On Cash

0.97%

Cap Rate

0.16

DSCR

$5,187

Rent

-$6,258

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,187 income − $11,445 expenses = $6,258 out of pocket

Income$5,187Out of Pocket$6,258Mortgage P&I$7,184139%Property Taxes$1,28225%Insurance$4909%Management$77815%CapEx$2074%Maintenance$2074%Other$1,29725%

Investment Breakdown

|

Purchase Price

$1399k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$312k

Downpayment

20%

$280k

Closing costs

1%

$13,990

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$5,187

Total Expenses

$11,445

Mortgage P&I

139%

$7,184

Property Taxes

25%

$1,282

Home Insurance

9%

$490

HOA

0%

$0

Property Management

15%

$778

CapEx

4%

$207

Vacancy

0%

$0

Maintenance

4%

$207

Other

25%

$1,297

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