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869 Spruce Ave, Clovis, CA 93611

3 beds • 2 baths • 1983 sqft

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This property looks like a bad Airbnb investment with a projected -18.9% first-year return on $122k initial cash invested.

-18.9%

Cash On Cash

1.76%

Cap Rate

0.28

DSCR

$2,503

Rent

-$1,916

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,503 income − $4,419 expenses = $1,916 out of pocket

Income$2,503Out of Pocket$1,916Mortgage P&I$2,539101%Property Taxes$50420%Insurance$1757%Management$37515%CapEx$1004%Maintenance$1004%Other$62625%

Investment Breakdown

|

Purchase Price

$494k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$122k

Downpayment

20%

$98,740

Closing costs

1%

$4,937

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,503

Total Expenses

$4,419

Mortgage P&I

101%

$2,539

Property Taxes

20%

$504

Home Insurance

7%

$175

HOA

0%

$0

Property Management

15%

$375

CapEx

4%

$100

Vacancy

0%

$0

Maintenance

4%

$100

Other

25%

$626

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