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162 N 3rd St, Banning, CA 92220

3 beds • 2 baths • 1252 sqft

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This property looks like a bad Airbnb investment with a projected -5.88% first-year return on $112k initial cash invested.

-5.88%

Cash On Cash

4.77%

Cap Rate

0.82

DSCR

$4,117

Rent

-$551

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,117 income − $4,668 expenses = $551 out of pocket

Income$4,117Out of Pocket$551Mortgage P&I$2,17553%Property Taxes$3589%Insurance$1584%Management$61815%CapEx$1654%Maintenance$1654%Other$1,02925%

Investment Breakdown

|

Purchase Price

$450k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$112k

Downpayment

20%

$89,980

Closing costs

1%

$4,499

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,117

Total Expenses

$4,668

Mortgage P&I

53%

$2,175

Property Taxes

9%

$358

Home Insurance

4%

$158

HOA

0%

$0

Property Management

15%

$618

CapEx

4%

$165

Vacancy

0%

$0

Maintenance

4%

$165

Other

25%

$1,029

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