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2560 Elm Ave, Morro Bay, CA 93442

3 beds • 3 baths • 2583 sqft

$1,299,000

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This property looks like a bad Airbnb investment with a projected -24.69% first-year return on $291k initial cash invested.

-24.69%

Cash On Cash

0.79%

Cap Rate

0.13

DSCR

$4,455

Rent

-$5,982

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,455 income − $10,437 expenses = $5,982 out of pocket

Income$4,455Out of Pocket$5,982Mortgage P&I$6,664150%Property Taxes$1,18026%Insurance$45510%Management$66815%CapEx$1784%Maintenance$1784%Other$1,11425%

Investment Breakdown

|

Purchase Price

$1299k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$291k

Downpayment

20%

$260k

Closing costs

1%

$12,990

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$4,455

Total Expenses

$10,437

Mortgage P&I

150%

$6,664

Property Taxes

26%

$1,180

Home Insurance

10%

$455

HOA

0%

$0

Property Management

15%

$668

CapEx

4%

$178

Vacancy

0%

$0

Maintenance

4%

$178

Other

25%

$1,114

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