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602 Balboa St, Grover Beach, CA 93433

3 beds • 3 baths • 2000 sqft

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This property looks like a bad Airbnb investment with a projected -16.58% first-year return on $214k initial cash invested.

-16.58%

Cash On Cash

2.34%

Cap Rate

0.4

DSCR

$4,657

Rent

-$2,963

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,657 income − $7,620 expenses = $2,963 out of pocket

Income$4,657Out of Pocket$2,963Mortgage P&I$4,59999%Property Taxes$3748%Insurance$3327%HOA$802%Management$69915%CapEx$1864%Maintenance$1864%Other$1,16425%

Investment Breakdown

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Purchase Price

$936k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$214k

Downpayment

20%

$187k

Closing costs

1%

$9,357

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$4,657

Total Expenses

$7,620

Mortgage P&I

99%

$4,599

Property Taxes

8%

$374

Home Insurance

7%

$332

HOA

2%

$80

Property Management

15%

$699

CapEx

4%

$186

Vacancy

0%

$0

Maintenance

4%

$186

Other

25%

$1,164

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