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2808 Canyon Dr, Modesto, CA 95351

3 beds • 2 baths • 1366 sqft

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This property looks like a bad Airbnb investment with a projected -3.08% first-year return on $87,594 initial cash invested.

-3.08%

Cash On Cash

5.65%

Cap Rate

0.94

DSCR

$3,274

Rent

-$225

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$331k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$87,594

Downpayment

20%

$66,280

Closing costs

1%

$3,314

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,274

Total Expenses

$3,499

Mortgage P&I

51%

$1,654

Property Taxes

5%

$160

Home Insurance

3%

$114

HOA

0%

$0

Property Management

15%

$491

CapEx

4%

$131

Vacancy

0%

$0

Maintenance

4%

$131

Other

25%

$818

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Comparable Property

Rent

ADR

Beds

Baths

Distance

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2

0.44 mi

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3

2

0.58 mi

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$3,239

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3

1

2.04 mi

Modest Modesto Charmer

$2,806

$123

4

2

1.74 mi

104 W Rancho Del Cerro

$2,500

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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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