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612 W Balboa Blvd, Newport Beach, CA 92661

3 beds • 2 baths • 1122 sqft

$2,399,000

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This property looks like a bad Airbnb investment with a projected -16.73% first-year return on $522k initial cash invested.

-16.73%

Cash On Cash

2.48%

Cap Rate

0.42

DSCR

$12,284

Rent

-$7,276

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$2399k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$522k

Downpayment

20%

$480k

Closing costs

1%

$23,990

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$12,284

Total Expenses

$19,560

Mortgage P&I

96%

$11,751

Property Taxes

9%

$1,073

Home Insurance

7%

$840

HOA

0%

$0

Property Management

15%

$1,843

CapEx

4%

$491

Vacancy

0%

$0

Maintenance

4%

$491

Other

25%

$3,071

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