REI Lense

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$2,980 (target)

1240 Indian Ocean Ave, Thermal, CA 92274

3 beds • 2 baths • 1437 sqft

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This property looks like a bad Mid-Term investment with a projected -0.28% first-year return on $87,090 initial cash invested.

-0.28%

Cash On Cash

6.5%

Cap Rate

1.06

DSCR

$2,980

Rent

-$20

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,980 income − $3,000 expenses = $20 out of pocket

Income$2,980Out of Pocket$20Mortgage P&I$1,68457%Property Taxes$1886%Insurance$1154%Management$35812%CapEx$1194%Vacancy$893%Maintenance$1194%Other$32811%

Investment Breakdown

|

Purchase Price

$329k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$87,090

Downpayment

20%

$65,800

Closing costs

1%

$3,290

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,980

Total Expenses

$3,000

Mortgage P&I

57%

$1,684

Property Taxes

6%

$188

Home Insurance

4%

$115

HOA

0%

$0

Property Management

12%

$358

CapEx

4%

$119

Vacancy

3%

$89

Maintenance

4%

$119

Other

11%

$328

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