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310 2nd St, Solvang, CA 93463

3 beds • 3 baths • 2070 sqft

$1,160,300

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This property looks like a bad Airbnb investment with a projected -18.86% first-year return on $262k initial cash invested.

-18.86%

Cash On Cash

2.07%

Cap Rate

0.34

DSCR

$6,224

Rent

-$4,113

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$6,224 income − $10,337 expenses = $4,113 out of pocket

Income$6,224Out of Pocket$4,113Mortgage P&I$5,86594%Property Taxes$1,06617%Insurance$4187%Management$93415%CapEx$2494%Maintenance$2494%Other$1,55625%

Investment Breakdown

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Purchase Price

$1160k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$262k

Downpayment

20%

$232k

Closing costs

1%

$11,603

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$6,224

Total Expenses

$10,337

Mortgage P&I

94%

$5,865

Property Taxes

17%

$1,066

Home Insurance

7%

$418

HOA

0%

$0

Property Management

15%

$934

CapEx

4%

$249

Vacancy

0%

$0

Maintenance

4%

$249

Other

25%

$1,556

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