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917 Cherry Hills Dr, Bakersfield, CA 93309

3 beds • 2 baths • 1769 sqft

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This property looks like a bad Airbnb investment with a projected -10.32% first-year return on $76,380 initial cash invested.

-10.32%

Cash On Cash

3.62%

Cap Rate

0.6

DSCR

$2,458

Rent

-$657

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,458 income − $3,115 expenses = $657 out of pocket

Income$2,458Out of Pocket$657Mortgage P&I$1,39757%Property Taxes$39716%Insurance$984%HOA$442%Management$36915%CapEx$984%Maintenance$984%Other$61425%

Investment Breakdown

|

Purchase Price

$278k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,380

Downpayment

20%

$55,600

Closing costs

1%

$2,780

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,458

Total Expenses

$3,115

Mortgage P&I

57%

$1,397

Property Taxes

16%

$397

Home Insurance

4%

$98

HOA

2%

$44

Property Management

15%

$369

CapEx

4%

$98

Vacancy

0%

$0

Maintenance

4%

$98

Other

25%

$614

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