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8 Nova Lane, Novato, CA 94945

3 beds • 2 baths • 1088 sqft

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This property looks like a bad Airbnb investment with a projected -15.41% first-year return on $216k initial cash invested.

-15.41%

Cash On Cash

2.5%

Cap Rate

0.44

DSCR

$5,885

Rent

-$2,776

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,885 income − $8,661 expenses = $2,776 out of pocket

Income$5,885Out of Pocket$2,776Mortgage P&I$4,50577%Property Taxes$1,00017%Insurance$3326%Management$88315%CapEx$2354%Maintenance$2354%Other$1,47125%

Investment Breakdown

|

Purchase Price

$944k

Downpayment

20.0%

Interest Rate

6.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$216k

Downpayment

20%

$189k

Closing costs

1%

$9,435

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$5,885

Total Expenses

$8,661

Mortgage P&I

77%

$4,505

Property Taxes

17%

$1,000

Home Insurance

6%

$332

HOA

0%

$0

Property Management

15%

$883

CapEx

4%

$235

Vacancy

0%

$0

Maintenance

4%

$235

Other

25%

$1,471

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