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704 Garner Ave APT 46, Salinas, CA 93905

3 beds • 2 baths • 1260 sqft

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This property looks like a bad Airbnb investment with a projected -4.19% first-year return on $133k initial cash invested.

-4.19%

Cash On Cash

5.47%

Cap Rate

0.92

DSCR

$5,872

Rent

-$465

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,872 income − $6,337 expenses = $465 out of pocket

Income$5,872Out of Pocket$465Mortgage P&I$2,72846%Property Taxes$59410%Insurance$1963%Management$88115%CapEx$2354%Maintenance$2354%Other$1,46825%

Investment Breakdown

|

Purchase Price

$548k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$133k

Downpayment

20%

$110k

Closing costs

1%

$5,484

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$5,872

Total Expenses

$6,337

Mortgage P&I

46%

$2,728

Property Taxes

10%

$594

Home Insurance

3%

$196

HOA

0%

$0

Property Management

15%

$881

CapEx

4%

$235

Vacancy

0%

$0

Maintenance

4%

$235

Other

25%

$1,468

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