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338 N 6th St, Grover Beach, CA 93433

3 beds • 3 baths • 1957 sqft

$1,339,500

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This property looks like a bad Airbnb investment with a projected -24.21% first-year return on $299k initial cash invested.

-24.21%

Cash On Cash

0.64%

Cap Rate

0.11

DSCR

$4,651

Rent

-$6,038

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,651 income − $10,689 expenses = $6,038 out of pocket

Income$4,651Out of Pocket$6,038Mortgage P&I$6,561141%Property Taxes$1,37129%Insurance$52411%Management$69815%CapEx$1864%Maintenance$1864%Other$1,16325%

Investment Breakdown

|

Purchase Price

$1340k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$299k

Downpayment

20%

$268k

Closing costs

1%

$13,395

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$4,651

Total Expenses

$10,689

Mortgage P&I

141%

$6,561

Property Taxes

29%

$1,371

Home Insurance

11%

$524

HOA

0%

$0

Property Management

15%

$698

CapEx

4%

$186

Vacancy

0%

$0

Maintenance

4%

$186

Other

25%

$1,163

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