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304 Hanover Dr, Costa Mesa, CA 92626

3 beds • 2 baths • 1446 sqft

$1,859,000

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This property looks like a bad Airbnb investment with a projected -22.44% first-year return on $408k initial cash invested.

-22.44%

Cash On Cash

1.17%

Cap Rate

0.2

DSCR

$5,957

Rent

-$7,636

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,957 income − $13,593 expenses = $7,636 out of pocket

Income$5,957Out of Pocket$7,636Mortgage P&I$9,203154%Property Taxes$88015%Insurance$65111%Management$89415%CapEx$2384%Maintenance$2384%Other$1,48925%

Investment Breakdown

|

Purchase Price

$1859k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$408k

Downpayment

20%

$372k

Closing costs

1%

$18,590

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$5,957

Total Expenses

$13,593

Mortgage P&I

154%

$9,203

Property Taxes

15%

$880

Home Insurance

11%

$651

HOA

0%

$0

Property Management

15%

$894

CapEx

4%

$238

Vacancy

0%

$0

Maintenance

4%

$238

Other

25%

$1,489

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