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45004 Cornelia Ct, Lake Elsinore, CA 92532

3 beds • 3 baths • 2370 sqft

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This property looks like a bad Airbnb investment with a projected -19.02% first-year return on $144k initial cash invested.

-19.02%

Cash On Cash

1.51%

Cap Rate

0.26

DSCR

$3,471

Rent

-$2,280

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,471 income − $5,751 expenses = $2,280 out of pocket

Income$3,471Out of Pocket$2,280Mortgage P&I$2,89583%Property Taxes$89726%Insurance$2146%HOA$782%Management$52115%CapEx$1394%Maintenance$1394%Other$86825%

Investment Breakdown

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Purchase Price

$599k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$144k

Downpayment

20%

$120k

Closing costs

1%

$5,991

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,471

Total Expenses

$5,751

Mortgage P&I

83%

$2,895

Property Taxes

26%

$897

Home Insurance

6%

$214

HOA

2%

$78

Property Management

15%

$521

CapEx

4%

$139

Vacancy

0%

$0

Maintenance

4%

$139

Other

25%

$868

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