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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 -22% first-year return on $383k initial cash invested.

-22%

Cash On Cash

1.38%

Cap Rate

0.23

DSCR

$7,926

Rent

-$7,019

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$7,926 income − $14,945 expenses = $7,019 out of pocket

Income$7,926Out of Pocket$7,019Mortgage P&I$8,701110%Property Taxes$1,81823%Insurance$6218%Management$1,18915%CapEx$3174%Maintenance$3174%Other$1,98225%

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

$7,926

Total Expenses

$14,945

Mortgage P&I

110%

$8,701

Property Taxes

23%

$1,818

Home Insurance

8%

$621

HOA

0%

$0

Property Management

15%

$1,189

CapEx

4%

$317

Vacancy

0%

$0

Maintenance

4%

$317

Other

25%

$1,982

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