REI Lense

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$3,074 (target)

2264 Fairmont Dr, Hanford, CA 93230

3 beds • 2 baths • 1450 sqft

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This property looks like a bad Mid-Term investment with a projected -1.9% first-year return on $85,683 initial cash invested.

-1.9%

Cash On Cash

6.51%

Cap Rate

0.99

DSCR

$3,074

Rent

-$136

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,074 income − $3,210 expenses = $136 out of pocket

Income$3,074Out of Pocket$136Mortgage P&I$1,76157%Property Taxes$2909%Insurance$1144%Management$36912%CapEx$1234%Vacancy$923%Maintenance$1234%Other$33811%

Investment Breakdown

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Purchase Price

$322k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,683

Downpayment

20%

$64,460

Closing costs

1%

$3,223

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,074

Total Expenses

$3,210

Mortgage P&I

57%

$1,761

Property Taxes

9%

$290

Home Insurance

4%

$114

HOA

0%

$0

Property Management

12%

$369

CapEx

4%

$123

Vacancy

3%

$92

Maintenance

4%

$123

Other

11%

$338

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