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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 -28.23% first-year return on $224k initial cash invested.

-28.23%

Cash On Cash

-0.35%

Cap Rate

-0.06

DSCR

$1,498

Rent

-$5,279

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,498 income − $6,777 expenses = $5,279 out of pocket

Income$1,498Out of Pocket$5,279Mortgage P&I$4,932329%Property Taxes$77752%Insurance$34923%Management$22515%CapEx$604%Maintenance$604%Other$37425%

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

$1,498

Total Expenses

$6,777

Mortgage P&I

329%

$4,932

Property Taxes

52%

$777

Home Insurance

23%

$349

HOA

0%

$0

Property Management

15%

$225

CapEx

4%

$60

Vacancy

0%

$0

Maintenance

4%

$60

Other

25%

$374

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