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423 Sycamore Rd, Santa Monica, CA 90402

3 beds • 4 baths • 2431 sqft

$3,490,000

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This property looks like a bad Airbnb investment with a projected -22.93% first-year return on $751k initial cash invested.

-22.93%

Cash On Cash

1.15%

Cap Rate

0.19

DSCR

$8,514

Rent

-$14,348

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$8,514 income − $22,862 expenses = $14,348 out of pocket

Income$8,514Out of Pocket$14,348Mortgage P&I$17,355204%Property Taxes$1982%Insurance$1,22214%Management$1,27715%CapEx$3414%Maintenance$3414%Other$2,12825%

Investment Breakdown

|

Purchase Price

$3490k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$751k

Downpayment

20%

$698k

Closing costs

1%

$34,900

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$8,514

Total Expenses

$22,862

Mortgage P&I

204%

$17,355

Property Taxes

2%

$198

Home Insurance

14%

$1,222

HOA

0%

$0

Property Management

15%

$1,277

CapEx

4%

$341

Vacancy

0%

$0

Maintenance

4%

$341

Other

25%

$2,128

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