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$2,420 (target)

229 N Sunland Dr, Ridgecrest, CA 93555

3 beds • 2 baths • 1398 sqft

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This property looks like a bad Mid-Term investment with a projected -1.97% first-year return on $71,424 initial cash invested.

-1.97%

Cash On Cash

6.32%

Cap Rate

0.99

DSCR

$2,420

Rent

-$117

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,420 income − $2,537 expenses = $117 out of pocket

Income$2,420Out of Pocket$117Mortgage P&I$1,35956%Property Taxes$26611%Insurance$894%Management$29012%CapEx$974%Vacancy$733%Maintenance$974%Other$26611%

Investment Breakdown

|

Purchase Price

$254k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,424

Downpayment

20%

$50,880

Closing costs

1%

$2,544

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,420

Total Expenses

$2,537

Mortgage P&I

56%

$1,359

Property Taxes

11%

$266

Home Insurance

4%

$89

HOA

0%

$0

Property Management

12%

$290

CapEx

4%

$97

Vacancy

3%

$73

Maintenance

4%

$97

Other

11%

$266

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