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2309 Monte Carlo Ave, Modesto, CA 95350

3 beds • 2 baths • 1701 sqft

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This property looks like a bad Airbnb investment with a projected -19.8% first-year return on $108k initial cash invested.

-19.8%

Cash On Cash

1.38%

Cap Rate

0.22

DSCR

$1,928

Rent

-$1,784

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,928 income − $3,712 expenses = $1,784 out of pocket

Income$1,928Out of Pocket$1,784Mortgage P&I$2,201114%Property Taxes$43623%Insurance$1508%Management$28915%CapEx$774%Maintenance$774%Other$48225%

Investment Breakdown

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Purchase Price

$429k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$108k

Downpayment

20%

$85,840

Closing costs

1%

$4,292

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$1,928

Total Expenses

$3,712

Mortgage P&I

114%

$2,201

Property Taxes

23%

$436

Home Insurance

8%

$150

HOA

0%

$0

Property Management

15%

$289

CapEx

4%

$77

Vacancy

0%

$0

Maintenance

4%

$77

Other

25%

$482

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