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132 23rd St, Costa Mesa, CA 92627

3 beds • 3 baths • 1881 sqft

$1,361,600

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This property looks like a bad Airbnb investment with a projected -20.96% first-year return on $304k initial cash invested.

-20.96%

Cash On Cash

1.44%

Cap Rate

0.24

DSCR

$5,695

Rent

-$5,310

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,695 income − $11,005 expenses = $5,310 out of pocket

Income$5,695Out of Pocket$5,310Mortgage P&I$6,720118%Property Taxes$76914%Insurance$62811%HOA$1543%Management$85415%CapEx$2284%Maintenance$2284%Other$1,42425%

Investment Breakdown

|

Purchase Price

$1362k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$304k

Downpayment

20%

$272k

Closing costs

1%

$13,616

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$5,695

Total Expenses

$11,005

Mortgage P&I

118%

$6,720

Property Taxes

14%

$769

Home Insurance

11%

$628

HOA

3%

$154

Property Management

15%

$854

CapEx

4%

$228

Vacancy

0%

$0

Maintenance

4%

$228

Other

25%

$1,424

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