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29088 Overboard Dr, Menifee, CA 92585

3 beds • 2 baths • 1650 sqft

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This property looks like a bad Airbnb investment with a projected -18.92% first-year return on $133k initial cash invested.

-18.92%

Cash On Cash

1.83%

Cap Rate

0.3

DSCR

$2,933

Rent

-$2,104

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,933 income − $5,037 expenses = $2,104 out of pocket

Income$2,933Out of Pocket$2,104Mortgage P&I$2,82696%Property Taxes$53618%Insurance$1927%HOA$763%Management$44015%CapEx$1174%Maintenance$1174%Other$73325%

Investment Breakdown

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Purchase Price

$550k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$133k

Downpayment

20%

$110k

Closing costs

1%

$5,497

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$2,933

Total Expenses

$5,037

Mortgage P&I

96%

$2,826

Property Taxes

18%

$536

Home Insurance

7%

$192

HOA

3%

$76

Property Management

15%

$440

CapEx

4%

$117

Vacancy

0%

$0

Maintenance

4%

$117

Other

25%

$733

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