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1450 Grand Ave, Ojai, CA 93023

3 beds • 3 baths • 3715 sqft

$2,895,800

View on Zillow
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This property looks like a bad Airbnb investment with a projected -30.38% first-year return on $626k initial cash invested.

-30.38%

Cash On Cash

-0.62%

Cap Rate

-0.1

DSCR

$2,744

Rent

-$15,849

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,744 income − $18,593 expenses = $15,849 out of pocket

Income$2,744Out of Pocket$15,849Mortgage P&I$14,247519%Property Taxes$1,98072%Insurance$1,04838%Management$41215%CapEx$1104%Maintenance$1104%Other$68625%

Investment Breakdown

|

Purchase Price

$2896k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$626k

Downpayment

20%

$579k

Closing costs

1%

$28,958

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$2,744

Total Expenses

$18,593

Mortgage P&I

519%

$14,247

Property Taxes

72%

$1,980

Home Insurance

38%

$1,048

HOA

0%

$0

Property Management

15%

$412

CapEx

4%

$110

Vacancy

0%

$0

Maintenance

4%

$110

Other

25%

$686

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