REI Lense

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$4,780 (target)

1122 Rockcress Ln, Banning, CA 92220

3 beds • 3 baths • 2024 sqft

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This property looks like a bad Mid-Term investment with a projected -3.37% first-year return on $118k initial cash invested.

-3.37%

Cash On Cash

5.65%

Cap Rate

0.94

DSCR

$4,780

Rent

-$331

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,780 income − $5,111 expenses = $331 out of pocket

Income$4,780Out of Pocket$331Mortgage P&I$2,37850%Property Taxes$72015%Insurance$1663%HOA$2225%Management$57412%CapEx$1914%Vacancy$1433%Maintenance$1914%Other$52611%

Investment Breakdown

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Purchase Price

$475k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$118k

Downpayment

20%

$95,000

Closing costs

1%

$4,750

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,780

Total Expenses

$5,111

Mortgage P&I

50%

$2,378

Property Taxes

15%

$720

Home Insurance

3%

$166

HOA

5%

$222

Property Management

12%

$574

CapEx

4%

$191

Vacancy

3%

$143

Maintenance

4%

$191

Other

11%

$526

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