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$6,124 (target)

15710 Formby Dr, La Mirada, CA 90638

3 beds • 2 baths • 1613 sqft

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This property looks like a bad Mid-Term investment with a projected -5.08% first-year return on $197k initial cash invested.

-5.08%

Cash On Cash

5.4%

Cap Rate

0.87

DSCR

$6,124

Rent

-$832

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$6,124 income − $6,956 expenses = $832 out of pocket

Income$6,124Out of Pocket$832Mortgage P&I$4,41072%Property Taxes$1653%Insurance$2985%Management$73512%CapEx$2454%Vacancy$1843%Maintenance$2454%Other$67411%

Investment Breakdown

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Purchase Price

$850k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$197k

Downpayment

20%

$170k

Closing costs

1%

$8,500

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$6,124

Total Expenses

$6,956

Mortgage P&I

72%

$4,410

Property Taxes

3%

$165

Home Insurance

5%

$298

HOA

0%

$0

Property Management

12%

$735

CapEx

4%

$245

Vacancy

3%

$184

Maintenance

4%

$245

Other

11%

$674

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