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2431 Oceanic Drive, Fairfield, CA 94533

3 beds • 2 baths • 1230 sqft

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This property looks like a bad Airbnb investment with a projected -4.61% first-year return on $102k initial cash invested.

-4.61%

Cash On Cash

5.18%

Cap Rate

0.87

DSCR

$3,424

Rent

-$391

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,424 income − $3,815 expenses = $391 out of pocket

Income$3,424Out of Pocket$391Mortgage P&I$1,97658%Property Taxes$552%Insurance$1404%Management$51415%CapEx$1374%Maintenance$1374%Other$85625%

Investment Breakdown

|

Purchase Price

$399k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$102k

Downpayment

20%

$79,800

Closing costs

1%

$3,990

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,424

Total Expenses

$3,815

Mortgage P&I

58%

$1,976

Property Taxes

2%

$55

Home Insurance

4%

$140

HOA

0%

$0

Property Management

15%

$514

CapEx

4%

$137

Vacancy

0%

$0

Maintenance

4%

$137

Other

25%

$856

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