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305 Tanner Michael Dr, Bakersfield, CA 93308

3 beds • 2 baths • 1020 sqft

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This property looks like a bad Airbnb investment with a projected -13.76% first-year return on $87,048 initial cash invested.

-13.76%

Cash On Cash

2.72%

Cap Rate

0.45

DSCR

$2,273

Rent

-$998

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,273 income − $3,271 expenses = $998 out of pocket

Income$2,273Out of Pocket$998Mortgage P&I$1,65173%Property Taxes$41318%Insurance$1165%Management$34115%CapEx$914%Maintenance$914%Other$56825%

Investment Breakdown

|

Purchase Price

$329k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$87,048

Downpayment

20%

$65,760

Closing costs

1%

$3,288

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,273

Total Expenses

$3,271

Mortgage P&I

73%

$1,651

Property Taxes

18%

$413

Home Insurance

5%

$116

HOA

0%

$0

Property Management

15%

$341

CapEx

4%

$91

Vacancy

0%

$0

Maintenance

4%

$91

Other

25%

$568

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