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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 -1.5% first-year return on $149k initial cash invested.

-1.5%

Cash On Cash

5.93%

Cap Rate

1.03

DSCR

$6,853

Rent

-$186

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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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

$6,853

Total Expenses

$7,039

Mortgage P&I

44%

$3,001

Property Taxes

8%

$530

Home Insurance

3%

$219

HOA

0%

$0

Property Management

15%

$1,028

CapEx

4%

$274

Vacancy

0%

$0

Maintenance

4%

$274

Other

25%

$1,713

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