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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 -16.92% first-year return on $273k initial cash invested.

-16.92%

Cash On Cash

2.49%

Cap Rate

0.41

DSCR

$6,957

Rent

-$3,856

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$6,957 income − $10,813 expenses = $3,856 out of pocket

Income$6,957Out of Pocket$3,856Mortgage P&I$6,10388%Property Taxes$95514%Insurance$4166%Management$1,04415%CapEx$2784%Maintenance$2784%Other$1,73925%

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

$6,957

Total Expenses

$10,813

Mortgage P&I

88%

$6,103

Property Taxes

14%

$955

Home Insurance

6%

$416

HOA

0%

$0

Property Management

15%

$1,044

CapEx

4%

$278

Vacancy

0%

$0

Maintenance

4%

$278

Other

25%

$1,739

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