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2342 N San Gorgonio Rd, Palm Springs, CA 92262

3 beds • 2 baths • 1700 sqft

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This property looks like a bad Airbnb investment with a projected -11.64% first-year return on $198k initial cash invested.

-11.64%

Cash On Cash

3.65%

Cap Rate

0.61

DSCR

$6,860

Rent

-$1,924

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$6,860 income − $8,784 expenses = $1,924 out of pocket

Income$6,860Out of Pocket$1,924Mortgage P&I$4,26162%Property Taxes$92013%Insurance$3115%Management$1,02915%CapEx$2744%Maintenance$2744%Other$1,71525%

Investment Breakdown

|

Purchase Price

$859k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$198k

Downpayment

20%

$172k

Closing costs

1%

$8,585

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$6,860

Total Expenses

$8,784

Mortgage P&I

62%

$4,261

Property Taxes

13%

$920

Home Insurance

5%

$311

HOA

0%

$0

Property Management

15%

$1,029

CapEx

4%

$274

Vacancy

0%

$0

Maintenance

4%

$274

Other

25%

$1,715

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