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940 Hermes Ave, Encinitas, CA 92024

2 beds • 1 baths • 1050 sqft

$1,799,000

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This property looks like a bad Airbnb investment with a projected -20.38% first-year return on $390k initial cash invested.

-20.38%

Cash On Cash

1.75%

Cap Rate

0.29

DSCR

$6,002

Rent

-$6,619

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$1799k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$390k

Downpayment

20%

$360k

Closing costs

1%

$17,990

Rehab

0%

$0

Furnishing

1%

$12,000

Cashflow

Total Income

$6,002

Total Expenses

$12,621

Mortgage P&I

150%

$9,005

Property Taxes

2%

$106

Home Insurance

11%

$630

HOA

0%

$0

Property Management

15%

$900

CapEx

4%

$240

Vacancy

0%

$0

Maintenance

4%

$240

Other

25%

$1,500

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