REI Lense

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$2,864 (target)

23465 Carona Ave, Corning, CA 96021

3 beds • 2 baths • 1390 sqft

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This property looks like a bad Mid-Term investment with a projected -7.93% first-year return on $104k initial cash invested.

-7.93%

Cash On Cash

4.44%

Cap Rate

0.73

DSCR

$2,864

Rent

-$685

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,864 income − $3,549 expenses = $685 out of pocket

Income$2,864Out of Pocket$685Mortgage P&I$2,07973%Property Taxes$34512%Insurance$1505%Management$34412%CapEx$1154%Vacancy$863%Maintenance$1154%Other$31511%

Investment Breakdown

|

Purchase Price

$408k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$104k

Downpayment

20%

$81,620

Closing costs

1%

$4,081

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,864

Total Expenses

$3,549

Mortgage P&I

73%

$2,079

Property Taxes

12%

$345

Home Insurance

5%

$150

HOA

0%

$0

Property Management

12%

$344

CapEx

4%

$115

Vacancy

3%

$86

Maintenance

4%

$115

Other

11%

$315

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