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15710 Formby Dr, La Mirada, CA 90638

3 beds • 2 baths • 1613 sqft

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This property looks like a bad Airbnb investment with a projected -21.43% first-year return on $197k initial cash invested.

-21.43%

Cash On Cash

1.42%

Cap Rate

0.23

DSCR

$2,623

Rent

-$3,509

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,623 income − $6,132 expenses = $3,509 out of pocket

Income$2,623Out of Pocket$3,509Mortgage P&I$4,410168%Property Taxes$1656%Insurance$29811%Management$39315%CapEx$1054%Maintenance$1054%Other$65625%

Investment Breakdown

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Purchase Price

$850k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$197k

Downpayment

20%

$170k

Closing costs

1%

$8,500

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$2,623

Total Expenses

$6,132

Mortgage P&I

168%

$4,410

Property Taxes

6%

$165

Home Insurance

11%

$298

HOA

0%

$0

Property Management

15%

$393

CapEx

4%

$105

Vacancy

0%

$0

Maintenance

4%

$105

Other

25%

$656

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