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302 S Venice Blvd, Venice, CA 90291

2 beds • 3 baths • 1666 sqft

$1,875,000

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This property looks like a bad Airbnb investment with a projected -20.89% first-year return on $406k initial cash invested.

-20.89%

Cash On Cash

1.62%

Cap Rate

0.27

DSCR

$9,121

Rent

-$7,065

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$1875k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$406k

Downpayment

20%

$375k

Closing costs

1%

$18,750

Rehab

0%

$0

Furnishing

1%

$12,000

Cashflow

Total Income

$9,121

Total Expenses

$16,186

Mortgage P&I

101%

$9,235

Property Taxes

21%

$1,917

Home Insurance

7%

$656

HOA

0%

$0

Property Management

15%

$1,368

CapEx

4%

$365

Vacancy

0%

$0

Maintenance

4%

$365

Other

25%

$2,280

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Comparable Property

Rent

ADR

Beds

Baths

Distance

Venice Canals by the Beach with Rooftop Views

$12,413

$530

2

2.5

0 mi

Luxe 2BR King Suite + Roof Deck Steps from Beach

$10,211

$436

2

2.5

0.21 mi

Modern Beach Pad w/ office Marina / Venice

$8,595

$367

2

2.5

0.46 mi

Beautiful Venice Beach Home with Japanese Hot Tub.

$7,659

$327

2

2.5

0.49 mi

104 W Rancho Del Cerro

$2,500

$250

4

2

1.3 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

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