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2920 Laramie Dr, Modesto, CA 95355

3 beds • 2 baths • 1246 sqft

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This property looks like a bad Airbnb investment with a projected -10.7% first-year return on $108k initial cash invested.

-10.7%

Cash On Cash

3.62%

Cap Rate

0.61

DSCR

$3,088

Rent

-$961

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,088 income − $4,049 expenses = $961 out of pocket

Income$3,088Out of Pocket$961Mortgage P&I$2,12669%Property Taxes$2909%Insurance$1505%Management$46315%CapEx$1244%Maintenance$1244%Other$77225%

Investment Breakdown

|

Purchase Price

$428k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$108k

Downpayment

20%

$85,540

Closing costs

1%

$4,277

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,088

Total Expenses

$4,049

Mortgage P&I

69%

$2,126

Property Taxes

9%

$290

Home Insurance

5%

$150

HOA

0%

$0

Property Management

15%

$463

CapEx

4%

$124

Vacancy

0%

$0

Maintenance

4%

$124

Other

25%

$772

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