REI Lense

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$3,187 (target)

1122 Rockcress Ln, Banning, CA 92220

3 beds • 3 baths • 2024 sqft

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This property looks like a bad Long-Term investment with a projected -13.56% first-year return on $99,750 initial cash invested.

-13.56%

Cash On Cash

3.56%

Cap Rate

0.59

DSCR

$3,187

Rent

-$1,127

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,187 income − $4,314 expenses = $1,127 out of pocket

Income$3,187Out of Pocket$1,127Mortgage P&I$2,37875%Property Taxes$72023%Insurance$1665%HOA$2227%Management$31910%CapEx$1595%Vacancy$1916%Maintenance$1595%

Investment Breakdown

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Purchase Price

$475k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$99,750

Downpayment

20%

$95,000

Closing costs

1%

$4,750

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,187

Total Expenses

$4,314

Mortgage P&I

75%

$2,378

Property Taxes

23%

$720

Home Insurance

5%

$166

HOA

7%

$222

Property Management

10%

$319

CapEx

5%

$159

Vacancy

6%

$191

Maintenance

5%

$159

Other

0%

$0

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