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838 Caribbean Ave, Salinas, CA 93905

3 beds • 2 baths • 1599 sqft

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This property looks like a bad Airbnb investment with a projected -1.95% first-year return on $149k initial cash invested.

-1.95%

Cash On Cash

5.81%

Cap Rate

1.01

DSCR

$6,745

Rent

-$243

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$6,745 income − $6,988 expenses = $243 out of pocket

Income$6,745Out of Pocket$243Mortgage P&I$3,00144%Property Taxes$5308%Insurance$2193%Management$1,01215%CapEx$2704%Maintenance$2704%Other$1,68625%

Investment Breakdown

|

Purchase Price

$625k

Downpayment

20.0%

Interest Rate

6.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$149k

Downpayment

20%

$125k

Closing costs

1%

$6,250

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$6,745

Total Expenses

$6,988

Mortgage P&I

44%

$3,001

Property Taxes

8%

$530

Home Insurance

3%

$219

HOA

0%

$0

Property Management

15%

$1,012

CapEx

4%

$270

Vacancy

0%

$0

Maintenance

4%

$270

Other

25%

$1,686

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