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220 Miracle Ln, Santa Cruz, CA 95060

3 beds • 3 baths • 2941 sqft

$1,737,500

View on Zillow
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This property looks like a bad Airbnb investment with a projected -21.42% first-year return on $383k initial cash invested.

-21.42%

Cash On Cash

1.52%

Cap Rate

0.25

DSCR

$8,280

Rent

-$6,834

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$8,280 income − $15,114 expenses = $6,834 out of pocket

Income$8,280Out of Pocket$6,834Mortgage P&I$8,701105%Property Taxes$1,81822%Insurance$6218%Management$1,24215%CapEx$3314%Maintenance$3314%Other$2,07025%

Investment Breakdown

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Purchase Price

$1738k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$383k

Downpayment

20%

$348k

Closing costs

1%

$17,375

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$8,280

Total Expenses

$15,114

Mortgage P&I

105%

$8,701

Property Taxes

22%

$1,818

Home Insurance

8%

$621

HOA

0%

$0

Property Management

15%

$1,242

CapEx

4%

$331

Vacancy

0%

$0

Maintenance

4%

$331

Other

25%

$2,070

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