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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 -20.39% first-year return on $146k initial cash invested.

-20.39%

Cash On Cash

1.57%

Cap Rate

0.25

DSCR

$2,964

Rent

-$2,488

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,964 income − $5,452 expenses = $2,488 out of pocket

Income$2,964Out of Pocket$2,488Mortgage P&I$3,170107%Property Taxes$57519%Insurance$2067%HOA$773%Management$44515%CapEx$1194%Maintenance$1194%Other$74125%

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

$2,964

Total Expenses

$5,452

Mortgage P&I

107%

$3,170

Property Taxes

19%

$575

Home Insurance

7%

$206

HOA

3%

$77

Property Management

15%

$445

CapEx

4%

$119

Vacancy

0%

$0

Maintenance

4%

$119

Other

25%

$741

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