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308 L St, Sparks, NV 89431

3 beds • 2 baths • 1088 sqft

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This property looks like a bad Airbnb investment with a projected -4.83% first-year return on $106k initial cash invested.

-4.83%

Cash On Cash

5.35%

Cap Rate

0.87

DSCR

$3,720

Rent

-$428

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,720 income − $4,148 expenses = $428 out of pocket

Income$3,720Out of Pocket$428Mortgage P&I$2,15458%Property Taxes$592%Insurance$1494%Management$55815%CapEx$1494%Maintenance$1494%Other$93025%

Investment Breakdown

|

Purchase Price

$421k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$106k

Downpayment

20%

$84,180

Closing costs

1%

$4,209

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,720

Total Expenses

$4,148

Mortgage P&I

58%

$2,154

Property Taxes

2%

$59

Home Insurance

4%

$149

HOA

0%

$0

Property Management

15%

$558

CapEx

4%

$149

Vacancy

0%

$0

Maintenance

4%

$149

Other

25%

$930

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