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3005 Nicks Way, Modesto, CA 95350

3 beds • 2 baths • 1170 sqft

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This property looks like a bad Airbnb investment with a projected -22.14% first-year return on $112k initial cash invested.

-22.14%

Cash On Cash

1.22%

Cap Rate

0.19

DSCR

$1,843

Rent

-$2,072

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,843 income − $3,915 expenses = $2,072 out of pocket

Income$1,843Out of Pocket$2,072Mortgage P&I$2,454133%Property Taxes$41923%Insurance$1579%Management$27615%CapEx$744%Maintenance$744%Other$46125%

Investment Breakdown

|

Purchase Price

$449k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$112k

Downpayment

20%

$89,800

Closing costs

1%

$4,490

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$1,843

Total Expenses

$3,915

Mortgage P&I

133%

$2,454

Property Taxes

23%

$419

Home Insurance

9%

$157

HOA

0%

$0

Property Management

15%

$276

CapEx

4%

$74

Vacancy

0%

$0

Maintenance

4%

$74

Other

25%

$461

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