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$7,371 (target)

121 Corinne Ave, Santa Cruz, CA 95065

3 beds • 2 baths • 1482 sqft

$1,399,000

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This property looks like a bad Mid-Term investment with a projected -15.75% first-year return on $312k initial cash invested.

-15.75%

Cash On Cash

2.91%

Cap Rate

0.47

DSCR

$7,371

Rent

-$4,092

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$7,371 income − $11,463 expenses = $4,092 out of pocket

Income$7,371Out of Pocket$4,092Mortgage P&I$7,18497%Property Taxes$1,28217%Insurance$4907%Management$88512%CapEx$2954%Vacancy$2213%Maintenance$2954%Other$81111%

Investment Breakdown

|

Purchase Price

$1399k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$312k

Downpayment

20%

$280k

Closing costs

1%

$13,990

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$7,371

Total Expenses

$11,463

Mortgage P&I

97%

$7,184

Property Taxes

17%

$1,282

Home Insurance

7%

$490

HOA

0%

$0

Property Management

12%

$885

CapEx

4%

$295

Vacancy

3%

$221

Maintenance

4%

$295

Other

11%

$811

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