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332 Lugonia St, Newport Beach, CA 92663

3 beds • 2 baths • 1059 sqft

$2,499,000

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This property looks like a bad Airbnb investment with a projected -16.96% first-year return on $543k initial cash invested.

-16.96%

Cash On Cash

2.61%

Cap Rate

0.43

DSCR

$13,565

Rent

-$7,671

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$13,565 income − $21,236 expenses = $7,671 out of pocket

Income$13,565Out of Pocket$7,671Mortgage P&I$12,56993%Property Taxes$1,2109%Insurance$8756%HOA$701%Management$2,03515%CapEx$5434%Maintenance$5434%Other$3,39125%

Investment Breakdown

|

Purchase Price

$2499k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$543k

Downpayment

20%

$500k

Closing costs

1%

$24,990

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$13,565

Total Expenses

$21,236

Mortgage P&I

93%

$12,569

Property Taxes

9%

$1,210

Home Insurance

6%

$875

HOA

1%

$70

Property Management

15%

$2,035

CapEx

4%

$543

Vacancy

0%

$0

Maintenance

4%

$543

Other

25%

$3,391

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