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3484 Shipway Ave, Long Beach, CA 90808

4 beds • 2 baths • 1753 sqft

$1,068,200

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This property looks like a bad Airbnb investment with a projected -9.19% first-year return on $248k initial cash invested.

-9.19%

Cash On Cash

4.14%

Cap Rate

0.71

DSCR

$9,024

Rent

-$1,901

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$1068k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$248k

Downpayment

20%

$214k

Closing costs

1%

$10,682

Rehab

0%

$0

Furnishing

2%

$24,000

Cashflow

Total Income

$9,024

Total Expenses

$10,925

Mortgage P&I

58%

$5,221

Property Taxes

10%

$908

Home Insurance

5%

$464

HOA

0%

$0

Property Management

15%

$1,354

CapEx

4%

$361

Vacancy

0%

$0

Maintenance

4%

$361

Other

25%

$2,256

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