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1535 Melrose Ave, Modesto, CA 95350

3 beds • 2 baths • 1294 sqft

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This property looks like a bad Airbnb investment with a projected -13.43% first-year return on $153k initial cash invested.

-13.43%

Cash On Cash

2.88%

Cap Rate

0.49

DSCR

$3,410

Rent

-$1,715

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$644k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$153k

Downpayment

20%

$129k

Closing costs

1%

$6,440

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,410

Total Expenses

$5,125

Mortgage P&I

92%

$3,123

Property Taxes

4%

$138

Home Insurance

7%

$228

HOA

0%

$0

Property Management

15%

$512

CapEx

4%

$136

Vacancy

0%

$0

Maintenance

4%

$136

Other

25%

$852

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