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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 -19.41% first-year return on $108k initial cash invested.

-19.41%

Cash On Cash

1.49%

Cap Rate

0.24

DSCR

$1,996

Rent

-$1,749

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,996 income − $3,745 expenses = $1,749 out of pocket

Income$1,996Out of Pocket$1,749Mortgage P&I$2,201110%Property Taxes$43622%Insurance$1508%Management$29915%CapEx$804%Maintenance$804%Other$49925%

Investment Breakdown

|

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

$1,996

Total Expenses

$3,745

Mortgage P&I

110%

$2,201

Property Taxes

22%

$436

Home Insurance

8%

$150

HOA

0%

$0

Property Management

15%

$299

CapEx

4%

$80

Vacancy

0%

$0

Maintenance

4%

$80

Other

25%

$499

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