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40990 Highway 1, Monterey, CA 93940

3 beds • 2 baths • 1400 sqft

$3,021,800

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This property looks like a bad Airbnb investment with a projected -18.82% first-year return on $653k initial cash invested.

-18.82%

Cash On Cash

2.19%

Cap Rate

0.37

DSCR

$17,353

Rent

-$10,233

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$17,353 income − $27,586 expenses = $10,233 out of pocket

Income$17,353Out of Pocket$10,233Mortgage P&I$15,04587%Property Taxes$1,85011%Insurance$2,36214%Management$2,60315%CapEx$6944%Maintenance$6944%Other$4,33825%

Investment Breakdown

|

Purchase Price

$3022k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$653k

Downpayment

20%

$604k

Closing costs

1%

$30,218

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$17,353

Total Expenses

$27,586

Mortgage P&I

87%

$15,045

Property Taxes

11%

$1,850

Home Insurance

14%

$2,362

HOA

0%

$0

Property Management

15%

$2,603

CapEx

4%

$694

Vacancy

0%

$0

Maintenance

4%

$694

Other

25%

$4,338

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