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42 Lafayette Dr, Rancho Mirage, CA 92270

3 beds • 3 baths • 3104 sqft

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This property looks like a bad Airbnb investment with a projected -35.13% first-year return on $189k initial cash invested.

-35.13%

Cash On Cash

-2.03%

Cap Rate

-0.34

DSCR

$2,216

Rent

-$5,546

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,216 income − $7,762 expenses = $5,546 out of pocket

Income$2,216Out of Pocket$5,546Mortgage P&I$4,075184%Property Taxes$50023%Insurance$29713%HOA$1,82682%Management$33215%CapEx$894%Maintenance$894%Other$55425%

Investment Breakdown

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Purchase Price

$817k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$189k

Downpayment

20%

$163k

Closing costs

1%

$8,165

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$2,216

Total Expenses

$7,762

Mortgage P&I

184%

$4,075

Property Taxes

23%

$500

Home Insurance

13%

$297

HOA

82%

$1,826

Property Management

15%

$332

CapEx

4%

$89

Vacancy

0%

$0

Maintenance

4%

$89

Other

25%

$554

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