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$3,462 (target)

1580 Scioto Ct, Banning, CA 92220

3 beds • 2 baths • 1895 sqft

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This property looks like a bad Mid-Term investment with a projected -11.06% first-year return on $116k initial cash invested.

-11.06%

Cash On Cash

3.56%

Cap Rate

0.6

DSCR

$3,462

Rent

-$1,074

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,462 income − $4,536 expenses = $1,074 out of pocket

Income$3,462Out of Pocket$1,074Mortgage P&I$2,32967%Property Taxes$45713%Insurance$1645%HOA$41012%Management$41512%CapEx$1384%Vacancy$1043%Maintenance$1384%Other$38111%

Investment Breakdown

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Purchase Price

$469k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$116k

Downpayment

20%

$93,800

Closing costs

1%

$4,690

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,462

Total Expenses

$4,536

Mortgage P&I

67%

$2,329

Property Taxes

13%

$457

Home Insurance

5%

$164

HOA

12%

$410

Property Management

12%

$415

CapEx

4%

$138

Vacancy

3%

$104

Maintenance

4%

$138

Other

11%

$381

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