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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 -28.05% first-year return on $224k initial cash invested.

-28.05%

Cash On Cash

-0.31%

Cap Rate

-0.05

DSCR

$1,562

Rent

-$5,244

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,562 income − $6,806 expenses = $5,244 out of pocket

Income$1,562Out of Pocket$5,244Mortgage P&I$4,932316%Property Taxes$77750%Insurance$34922%Management$23415%CapEx$624%Maintenance$624%Other$39025%

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

$1,562

Total Expenses

$6,806

Mortgage P&I

316%

$4,932

Property Taxes

50%

$777

Home Insurance

22%

$349

HOA

0%

$0

Property Management

15%

$234

CapEx

4%

$62

Vacancy

0%

$0

Maintenance

4%

$62

Other

25%

$390

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