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3621 Merrifield Ave, Modesto, CA 95356

3 beds • 2 baths • 1570 sqft

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This property looks like a bad Airbnb investment with a projected -9.57% first-year return on $117k initial cash invested.

-9.57%

Cash On Cash

3.88%

Cap Rate

0.66

DSCR

$3,576

Rent

-$937

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$474k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$117k

Downpayment

20%

$94,760

Closing costs

1%

$4,738

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,576

Total Expenses

$4,513

Mortgage P&I

65%

$2,326

Property Taxes

8%

$303

Home Insurance

5%

$168

HOA

0%

$0

Property Management

15%

$536

CapEx

4%

$143

Vacancy

0%

$0

Maintenance

4%

$143

Other

25%

$894

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