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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 -19.78% first-year return on $343k initial cash invested.

-19.78%

Cash On Cash

1.95%

Cap Rate

0.32

DSCR

$8,038

Rent

-$5,657

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$8,038 income − $13,695 expenses = $5,657 out of pocket

Income$8,038Out of Pocket$5,657Mortgage P&I$7,84898%Property Taxes$1,41818%Insurance$5697%Management$1,20615%CapEx$3224%Maintenance$3224%Other$2,01025%

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

$8,038

Total Expenses

$13,695

Mortgage P&I

98%

$7,848

Property Taxes

18%

$1,418

Home Insurance

7%

$569

HOA

0%

$0

Property Management

15%

$1,206

CapEx

4%

$322

Vacancy

0%

$0

Maintenance

4%

$322

Other

25%

$2,010

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