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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 -18.57% first-year return on $522k initial cash invested.

-18.57%

Cash On Cash

2.05%

Cap Rate

0.35

DSCR

$10,747

Rent

-$8,076

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$10,747 income − $18,823 expenses = $8,076 out of pocket

Income$10,747Out of Pocket$8,076Mortgage P&I$11,751109%Property Taxes$1,07310%Insurance$8408%Management$1,61215%CapEx$4304%Maintenance$4304%Other$2,68725%

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

$10,747

Total Expenses

$18,823

Mortgage P&I

109%

$11,751

Property Taxes

10%

$1,073

Home Insurance

8%

$840

HOA

0%

$0

Property Management

15%

$1,612

CapEx

4%

$430

Vacancy

0%

$0

Maintenance

4%

$430

Other

25%

$2,687

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