202 Pointing Rock Dr APT 31, Borrego Springs, CA 92004
2 beds • 2 baths • 1712 sqft
$250,900
View on ZillowThis property looks like a bad Airbnb investment with a projected -21.5% first-year return on $64,689 initial cash invested.
-21.5%
Cash On Cash
1.31%
Cap Rate
0.21
DSCR
$2,469
Rent
-$1,159
Cashflow
$29,628
Annual
$196
ADR
41%
Occupancy
77%
Confidence High
67%
Borrego Springs Score
Cash Flow
$2,469 income − $3,628 expenses = $1,159 out of pocket
Investment Breakdown
|
Purchase Price
$251k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$64,689
Downpayment
20%
$50,180
Closing costs
1%
$2,509
Rehab
0%
$0
Furnishing
5%
$12,000
Cashflow
Total Income
$2,469
Total Expenses
$3,628
Mortgage P&I
54%
$1,334
Property Taxes
10%
$258
Home Insurance
4%
$93
HOA
31%
$758
Property Management
15%
$370
CapEx
4%
$99
Vacancy
0%
$0
Maintenance
4%
$99
Other
25%
$617
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Comparable Property | Rent | ADR | Beds | Baths | Distance |
|---|---|---|---|---|---|
Two Bedroom Condo on the golf course. | $2,669 | $214 | 2 | 2 | 0.24 mi |
Desert Condo with 70s Flair | $2,557 | $205 | 2 | 2 | 0.26 mi |
#9 Desert Dream | $2,831 | $227 | 2 | 2 | 0.28 mi |
The Hummingbird Haven of Borrego Springs | $4,065 | $326 | 2 | 2 | 0.29 mi |
2 Mi to Galleta Meadows: Desert Golf Retreat! | $2,195 | $176 | 2 | 2 | 0.3 mi |
Borrego Springs Retreat w/ Pool & Mtn Views | $3,567 | $286 | 2 | 2 | 0.36 mi |
Snowbirds | Look up | Slow Travel | Pool Hot Tub | $2,307 | $185 | 2 | 2 | 0.37 mi |
The Hummingbird Haven of Borrego Springs | $3,729 | $299 | 2 | 2 | 0.41 mi |
Pitch Perfect Mid Century in Borrego Springs, CA | $2,856 | $229 | 2 | 2 | 0.49 mi |
Mountain View Desert Retreat | $3,292 | $264 | 2 | 2 | 0.67 mi |
Projection Charts
Investment Value YoY
Annualized Return
CoC vs Downpayment
CoC vs Purchase Price