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162 S Massachusetts St, Lake Elsinore, CA 92530

3 beds • 2 baths • 1210 sqft

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This property looks like a bad Airbnb investment with a projected -18.1% first-year return on $134k initial cash invested.

-18.1%

Cash On Cash

2.04%

Cap Rate

0.33

DSCR

$2,970

Rent

-$2,016

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,970 income − $4,986 expenses = $2,016 out of pocket

Income$2,970Out of Pocket$2,016Mortgage P&I$2,83295%Property Taxes$53618%Insurance$1926%Management$44615%CapEx$1194%Maintenance$1194%Other$74225%

Investment Breakdown

|

Purchase Price

$551k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$134k

Downpayment

20%

$110k

Closing costs

1%

$5,509

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$2,970

Total Expenses

$4,986

Mortgage P&I

95%

$2,832

Property Taxes

18%

$536

Home Insurance

6%

$192

HOA

0%

$0

Property Management

15%

$446

CapEx

4%

$119

Vacancy

0%

$0

Maintenance

4%

$119

Other

25%

$742

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