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$9,572 (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 Mid-Term investment with a projected -12.63% first-year return on $407k initial cash invested.

-12.63%

Cash On Cash

3.45%

Cap Rate

0.58

DSCR

$9,572

Rent

-$4,279

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$9,572 income − $13,851 expenses = $4,279 out of pocket

Income$9,572Out of Pocket$4,279Mortgage P&I$9,21896%Property Taxes$4355%Insurance$6487%HOA$2953%Management$1,14912%CapEx$3834%Vacancy$2873%Maintenance$3834%Other$1,05311%

Investment Breakdown

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Purchase Price

$1850k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$407k

Downpayment

20%

$370k

Closing costs

1%

$18,500

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$9,572

Total Expenses

$13,851

Mortgage P&I

96%

$9,218

Property Taxes

5%

$435

Home Insurance

7%

$648

HOA

3%

$295

Property Management

12%

$1,149

CapEx

4%

$383

Vacancy

3%

$287

Maintenance

4%

$383

Other

11%

$1,053

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