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22105 Ranchito Dr, Salinas, CA 93908

3 beds • 3 baths • 2405 sqft

$1,548,300

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This property looks like a bad Airbnb investment with a projected -21.2% first-year return on $343k initial cash invested.

-21.2%

Cash On Cash

1.61%

Cap Rate

0.26

DSCR

$7,256

Rent

-$6,061

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$7,256 income − $13,317 expenses = $6,061 out of pocket

Income$7,256Out of Pocket$6,061Mortgage P&I$7,848108%Property Taxes$1,41820%Insurance$5698%Management$1,08815%CapEx$2904%Maintenance$2904%Other$1,81425%

Investment Breakdown

|

Purchase Price

$1548k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$343k

Downpayment

20%

$310k

Closing costs

1%

$15,483

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$7,256

Total Expenses

$13,317

Mortgage P&I

108%

$7,848

Property Taxes

20%

$1,418

Home Insurance

8%

$569

HOA

0%

$0

Property Management

15%

$1,088

CapEx

4%

$290

Vacancy

0%

$0

Maintenance

4%

$290

Other

25%

$1,814

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