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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 -18.14% first-year return on $262k initial cash invested.

-18.14%

Cash On Cash

2.24%

Cap Rate

0.37

DSCR

$6,526

Rent

-$3,956

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$6,526 income − $10,482 expenses = $3,956 out of pocket

Income$6,526Out of Pocket$3,956Mortgage P&I$5,86590%Property Taxes$1,06616%Insurance$4186%Management$97915%CapEx$2614%Maintenance$2614%Other$1,63225%

Investment Breakdown

|

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

$6,526

Total Expenses

$10,482

Mortgage P&I

90%

$5,865

Property Taxes

16%

$1,066

Home Insurance

6%

$418

HOA

0%

$0

Property Management

15%

$979

CapEx

4%

$261

Vacancy

0%

$0

Maintenance

4%

$261

Other

25%

$1,632

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