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2889 N Davis Way, Palm Springs, CA 92262

3 beds • 2 baths • 1224 sqft

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This property looks like a bad Airbnb investment with a projected -16.6% first-year return on $212k initial cash invested.

-16.6%

Cash On Cash

2.53%

Cap Rate

0.42

DSCR

$5,516

Rent

-$2,937

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,516 income − $8,453 expenses = $2,937 out of pocket

Income$5,516Out of Pocket$2,937Mortgage P&I$4,66785%Property Taxes$80615%Insurance$3326%Management$82715%CapEx$2214%Maintenance$2214%Other$1,37925%

Investment Breakdown

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Purchase Price

$925k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$212k

Downpayment

20%

$185k

Closing costs

1%

$9,254

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$5,516

Total Expenses

$8,453

Mortgage P&I

85%

$4,667

Property Taxes

15%

$806

Home Insurance

6%

$332

HOA

0%

$0

Property Management

15%

$827

CapEx

4%

$221

Vacancy

0%

$0

Maintenance

4%

$221

Other

25%

$1,379

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