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$6,381 (target)

1 Cormorant Cir, Newport Beach, CA 92660

3 beds • 3 baths • 1739 sqft

$1,850,000

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This property looks like a bad Long-Term investment with a projected -18.14% first-year return on $389k initial cash invested.

-18.14%

Cash On Cash

2.38%

Cap Rate

0.4

DSCR

$6,381

Rent

-$5,874

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$6,381 income − $12,255 expenses = $5,874 out of pocket

Income$6,381Out of Pocket$5,874Mortgage P&I$9,218144%Property Taxes$4357%Insurance$64810%HOA$2955%Management$63810%CapEx$3195%Vacancy$3836%Maintenance$3195%

Investment Breakdown

|

Purchase Price

$1850k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$389k

Downpayment

20%

$370k

Closing costs

1%

$18,500

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$6,381

Total Expenses

$12,255

Mortgage P&I

144%

$9,218

Property Taxes

7%

$435

Home Insurance

10%

$648

HOA

5%

$295

Property Management

10%

$638

CapEx

5%

$319

Vacancy

6%

$383

Maintenance

5%

$319

Other

0%

$0

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