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2704 3rd St, Santa Monica, CA 90405

4 beds • 2 baths • 1480 sqft

$2,039,800

View on Zillow
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This property looks like a bad Airbnb investment with a projected -32.76% first-year return on $452k initial cash invested.

-32.76%

Cash On Cash

-0.81%

Cap Rate

-0.13

DSCR

$8,907

Rent

-$12,348

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$8,907 income − $21,255 expenses = $12,348 out of pocket

Income$8,907Out of Pocket$12,348Mortgage P&I$10,607119%Property Taxes$2,94533%Insurance$1,04812%HOA$2,38027%Management$1,33615%CapEx$3564%Maintenance$3564%Other$2,22725%

Investment Breakdown

|

Purchase Price

$2040k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$452k

Downpayment

20%

$408k

Closing costs

1%

$20,398

Rehab

0%

$0

Furnishing

1%

$24,000

Cashflow

Total Income

$8,907

Total Expenses

$21,255

Mortgage P&I

119%

$10,607

Property Taxes

33%

$2,945

Home Insurance

12%

$1,048

HOA

27%

$2,380

Property Management

15%

$1,336

CapEx

4%

$356

Vacancy

0%

$0

Maintenance

4%

$356

Other

25%

$2,227

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