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1963 W Merritt St, Hanford, CA 93230

3 beds • 2 baths • 1332 sqft

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This property looks like a bad Mid-Term investment with a projected -3.59% first-year return on $96,561 initial cash invested.

-3.59%

Cash On Cash

5.21%

Cap Rate

0.9

DSCR

$2,930

Rent

-$289

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$374k

Downpayment

20.0%

Interest Rate

6.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$96,561

Downpayment

20%

$74,820

Closing costs

1%

$3,741

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,930

Total Expenses

$3,219

Mortgage P&I

61%

$1,795

Property Taxes

10%

$297

Home Insurance

4%

$131

HOA

0%

$0

Property Management

12%

$352

CapEx

4%

$117

Vacancy

3%

$88

Maintenance

4%

$117

Other

11%

$322

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