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1963 W Merritt St, Hanford, CA 93230

3 beds • 2 baths • 1332 sqft

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This property looks like a bad Airbnb investment with a projected -3.8% first-year return on $96,561 initial cash invested.

-3.8%

Cash On Cash

5.25%

Cap Rate

0.91

DSCR

$3,686

Rent

-$306

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$374k

Downpayment

20.0%

Interest Rate

6.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$96,561

Downpayment

20%

$74,820

Closing costs

1%

$3,741

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,686

Total Expenses

$3,992

Mortgage P&I

49%

$1,795

Property Taxes

8%

$297

Home Insurance

4%

$131

HOA

0%

$0

Property Management

15%

$553

CapEx

4%

$147

Vacancy

0%

$0

Maintenance

4%

$147

Other

25%

$922

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