REI Lense

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$6,585 (target)

24 Lawrence Drive, Novato, CA 94945

3 beds • 2 baths • 1394 sqft

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This property looks like a bad Mid-Term investment with a projected -8.78% first-year return on $226k initial cash invested.

-8.78%

Cash On Cash

4.25%

Cap Rate

0.72

DSCR

$6,585

Rent

-$1,656

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$6,585 income − $8,241 expenses = $1,656 out of pocket

Income$6,585Out of Pocket$1,656Mortgage P&I$4,90474%Property Taxes$74911%Insurance$3505%Management$79012%CapEx$2634%Vacancy$1983%Maintenance$2634%Other$72411%

Investment Breakdown

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Purchase Price

$992k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$226k

Downpayment

20%

$198k

Closing costs

1%

$9,921

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$6,585

Total Expenses

$8,241

Mortgage P&I

74%

$4,904

Property Taxes

11%

$749

Home Insurance

5%

$350

HOA

0%

$0

Property Management

12%

$790

CapEx

4%

$263

Vacancy

3%

$198

Maintenance

4%

$263

Other

11%

$724

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