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1520 Merritt Dr, El Cajon, CA 92020

3 beds • 3 baths • 3565 sqft

$1,154,400

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This property looks like a bad Airbnb investment with a projected -22.74% first-year return on $260k initial cash invested.

-22.74%

Cash On Cash

0.98%

Cap Rate

0.16

DSCR

$3,576

Rent

-$4,936

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,576 income − $8,512 expenses = $4,936 out of pocket

Income$3,576Out of Pocket$4,936Mortgage P&I$5,733160%Property Taxes$65118%Insurance$41212%Management$53615%CapEx$1434%Maintenance$1434%Other$89425%

Investment Breakdown

|

Purchase Price

$1154k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$260k

Downpayment

20%

$231k

Closing costs

1%

$11,544

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$3,576

Total Expenses

$8,512

Mortgage P&I

160%

$5,733

Property Taxes

18%

$651

Home Insurance

12%

$412

HOA

0%

$0

Property Management

15%

$536

CapEx

4%

$143

Vacancy

0%

$0

Maintenance

4%

$143

Other

25%

$894

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