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231 N Palm Ave, Hemet, CA 92543

3 beds • 2 baths • 1209 sqft

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This property looks like a bad Airbnb investment with a projected -1.95% first-year return on $94,839 initial cash invested.

-1.95%

Cash On Cash

5.85%

Cap Rate

0.99

DSCR

$3,598

Rent

-$154

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$366k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$94,839

Downpayment

20%

$73,180

Closing costs

1%

$3,659

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,598

Total Expenses

$3,752

Mortgage P&I

50%

$1,794

Property Taxes

3%

$90

Home Insurance

4%

$140

HOA

0%

$0

Property Management

15%

$540

CapEx

4%

$144

Vacancy

0%

$0

Maintenance

4%

$144

Other

25%

$900

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Comparable Property

Rent

ADR

Beds

Baths

Distance

Peaceful 3-Bedroom home with Patio!

$3,066

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3

2

2.26 mi

Wonderfully, spacious 3 bdr home

$1,629

$85

3

2.5

1.21 mi

King + 3x Queen / / Laundry + Kitchen / / Backyard

$2,683

$140

3

1

0.94 mi

Charming Hemet Hideaway

$3,468

$181

3

2

1.4 mi

104 W Rancho Del Cerro

$2,500

$250

4

2

1.3 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

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