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623 Desert Way, Palm Springs, CA 92264

3 beds • 2 baths • 1400 sqft

$1,153,900

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This property looks like a bad Airbnb investment with a projected -19.88% first-year return on $260k initial cash invested.

-19.88%

Cash On Cash

1.76%

Cap Rate

0.29

DSCR

$5,716

Rent

-$4,313

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$1154k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$260k

Downpayment

20%

$231k

Closing costs

1%

$11,539

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$5,716

Total Expenses

$10,029

Mortgage P&I

101%

$5,773

Property Taxes

19%

$1,094

Home Insurance

7%

$418

HOA

0%

$0

Property Management

15%

$857

CapEx

4%

$229

Vacancy

0%

$0

Maintenance

4%

$229

Other

25%

$1,429

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