REI Lense

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$2,498 (target)

204 Barbara Ave, Ridgecrest, CA 93555

3 beds • 2 baths • 1370 sqft

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This property looks like a bad Mid-Term investment with a projected -5.04% first-year return on $80,790 initial cash invested.

-5.04%

Cash On Cash

5.34%

Cap Rate

0.85

DSCR

$2,498

Rent

-$339

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,498 income − $2,837 expenses = $339 out of pocket

Income$2,498Out of Pocket$339Mortgage P&I$1,57063%Property Taxes$31212%Insurance$1054%Management$30012%CapEx$1004%Vacancy$753%Maintenance$1004%Other$27511%

Investment Breakdown

|

Purchase Price

$299k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,790

Downpayment

20%

$59,800

Closing costs

1%

$2,990

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,498

Total Expenses

$2,837

Mortgage P&I

63%

$1,570

Property Taxes

12%

$312

Home Insurance

4%

$105

HOA

0%

$0

Property Management

12%

$300

CapEx

4%

$100

Vacancy

3%

$75

Maintenance

4%

$100

Other

11%

$275

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