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$6,272 (target)

2363 Irving Ave, Monterey, CA 93940

3 beds • 2 baths • 1540 sqft

$1,085,000

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This property looks like a bad Mid-Term investment with a projected -9.57% first-year return on $246k initial cash invested.

-9.57%

Cash On Cash

4.09%

Cap Rate

0.68

DSCR

$6,272

Rent

-$1,961

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$6,272 income − $8,233 expenses = $1,961 out of pocket

Income$6,272Out of Pocket$1,961Mortgage P&I$5,40786%Property Taxes$3135%Insurance$3806%Management$75312%CapEx$2514%Vacancy$1883%Maintenance$2514%Other$69011%

Investment Breakdown

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Purchase Price

$1085k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$246k

Downpayment

20%

$217k

Closing costs

1%

$10,850

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$6,272

Total Expenses

$8,233

Mortgage P&I

86%

$5,407

Property Taxes

5%

$313

Home Insurance

6%

$380

HOA

0%

$0

Property Management

12%

$753

CapEx

4%

$251

Vacancy

3%

$188

Maintenance

4%

$251

Other

11%

$690

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