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220 Miracle Ln, Santa Cruz, CA 95060

3 beds • 3 baths • 2941 sqft

$1,737,500

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This property looks like a bad Airbnb investment with a projected -11.68% first-year return on $383k initial cash invested.

-11.68%

Cash On Cash

3.83%

Cap Rate

0.64

DSCR

$14,257

Rent

-$3,726

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$14,257 income − $17,983 expenses = $3,726 out of pocket

Income$14,257Out of Pocket$3,726Mortgage P&I$8,70161%Property Taxes$1,81813%Insurance$6214%Management$2,13915%CapEx$5704%Maintenance$5704%Other$3,56425%

Investment Breakdown

|

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

$14,257

Total Expenses

$17,983

Mortgage P&I

61%

$8,701

Property Taxes

13%

$1,818

Home Insurance

4%

$621

HOA

0%

$0

Property Management

15%

$2,139

CapEx

4%

$570

Vacancy

0%

$0

Maintenance

4%

$570

Other

25%

$3,564

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