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29450 Wooden Boat Dr, Menifee, CA 92585

3 beds • 2 baths • 1857 sqft

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This property looks like a bad Airbnb investment with a projected -21.13% first-year return on $146k initial cash invested.

-21.13%

Cash On Cash

1.38%

Cap Rate

0.22

DSCR

$2,791

Rent

-$2,578

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,791 income − $5,369 expenses = $2,578 out of pocket

Income$2,791Out of Pocket$2,578Mortgage P&I$3,170114%Property Taxes$57521%Insurance$2067%HOA$773%Management$41915%CapEx$1124%Maintenance$1124%Other$69825%

Investment Breakdown

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Purchase Price

$612k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$146k

Downpayment

20%

$122k

Closing costs

1%

$6,115

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$2,791

Total Expenses

$5,369

Mortgage P&I

114%

$3,170

Property Taxes

21%

$575

Home Insurance

7%

$206

HOA

3%

$77

Property Management

15%

$419

CapEx

4%

$112

Vacancy

0%

$0

Maintenance

4%

$112

Other

25%

$698

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