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1504 Merritt Dr, El Cajon, CA 92020

3 beds • 3 baths • 1673 sqft

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This property looks like a bad Airbnb investment with a projected -28.39% first-year return on $224k initial cash invested.

-28.39%

Cash On Cash

-0.39%

Cap Rate

-0.06

DSCR

$1,443

Rent

-$5,308

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,443 income − $6,751 expenses = $5,308 out of pocket

Income$1,443Out of Pocket$5,308Mortgage P&I$4,932342%Property Taxes$77754%Insurance$34924%Management$21615%CapEx$584%Maintenance$584%Other$36125%

Investment Breakdown

|

Purchase Price

$983k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$224k

Downpayment

20%

$197k

Closing costs

1%

$9,827

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$1,443

Total Expenses

$6,751

Mortgage P&I

342%

$4,932

Property Taxes

54%

$777

Home Insurance

24%

$349

HOA

0%

$0

Property Management

15%

$216

CapEx

4%

$58

Vacancy

0%

$0

Maintenance

4%

$58

Other

25%

$361

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