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3625 Cerritos Ave, Long Beach, CA 90807

3 beds • 2 baths • 1553 sqft

$1,216,400

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This property looks like a bad Airbnb investment with a projected -15.83% first-year return on $273k initial cash invested.

-15.83%

Cash On Cash

2.76%

Cap Rate

0.46

DSCR

$7,435

Rent

-$3,607

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$7,435 income − $11,042 expenses = $3,607 out of pocket

Income$7,435Out of Pocket$3,607Mortgage P&I$6,10382%Property Taxes$95513%Insurance$4166%Management$1,11515%CapEx$2974%Maintenance$2974%Other$1,85925%

Investment Breakdown

|

Purchase Price

$1216k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$273k

Downpayment

20%

$243k

Closing costs

1%

$12,164

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$7,435

Total Expenses

$11,042

Mortgage P&I

82%

$6,103

Property Taxes

13%

$955

Home Insurance

6%

$416

HOA

0%

$0

Property Management

15%

$1,115

CapEx

4%

$297

Vacancy

0%

$0

Maintenance

4%

$297

Other

25%

$1,859

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