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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 -15.76% first-year return on $214k initial cash invested.

-15.76%

Cash On Cash

2.54%

Cap Rate

0.43

DSCR

$4,937

Rent

-$2,817

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,937 income − $7,754 expenses = $2,817 out of pocket

Income$4,937Out of Pocket$2,817Mortgage P&I$4,59993%Property Taxes$3748%Insurance$3327%HOA$802%Management$74115%CapEx$1974%Maintenance$1974%Other$1,23425%

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

$4,937

Total Expenses

$7,754

Mortgage P&I

93%

$4,599

Property Taxes

8%

$374

Home Insurance

7%

$332

HOA

2%

$80

Property Management

15%

$741

CapEx

4%

$197

Vacancy

0%

$0

Maintenance

4%

$197

Other

25%

$1,234

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