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2215 N Spurgeon St, Santa Ana, CA 92706

3 beds • 2 baths • 1586 sqft

$1,173,700

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This property looks like a bad Airbnb investment with a projected -22.36% first-year return on $264k initial cash invested.

-22.36%

Cash On Cash

1.13%

Cap Rate

0.19

DSCR

$3,999

Rent

-$4,929

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,999 income − $8,928 expenses = $4,929 out of pocket

Income$3,999Out of Pocket$4,929Mortgage P&I$5,871147%Property Taxes$72218%Insurance$41510%Management$60015%CapEx$1604%Maintenance$1604%Other$1,00025%

Investment Breakdown

|

Purchase Price

$1174k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$264k

Downpayment

20%

$235k

Closing costs

1%

$11,737

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$3,999

Total Expenses

$8,928

Mortgage P&I

147%

$5,871

Property Taxes

18%

$722

Home Insurance

10%

$415

HOA

0%

$0

Property Management

15%

$600

CapEx

4%

$160

Vacancy

0%

$0

Maintenance

4%

$160

Other

25%

$1,000

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