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$6,324 (target)

2120 Messina Pl, Monterey, CA 93940

3 beds • 2 baths • 1351 sqft

$1,204,000

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This property looks like a bad Mid-Term investment with a projected -15.75% first-year return on $271k initial cash invested.

-15.75%

Cash On Cash

2.78%

Cap Rate

0.46

DSCR

$6,324

Rent

-$3,555

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$6,324 income − $9,879 expenses = $3,555 out of pocket

Income$6,324Out of Pocket$3,555Mortgage P&I$6,09196%Property Taxes$1,19619%Insurance$4417%Management$75912%CapEx$2534%Vacancy$1903%Maintenance$2534%Other$69611%

Investment Breakdown

|

Purchase Price

$1204k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$271k

Downpayment

20%

$241k

Closing costs

1%

$12,040

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$6,324

Total Expenses

$9,879

Mortgage P&I

96%

$6,091

Property Taxes

19%

$1,196

Home Insurance

7%

$441

HOA

0%

$0

Property Management

12%

$759

CapEx

4%

$253

Vacancy

3%

$190

Maintenance

4%

$253

Other

11%

$696

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