REI Lense

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$5,150 (target)

24048 Cruise Circle Dr, Canyon Lake, CA 92587

3 beds • 2 baths • 1754 sqft

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This property looks like a bad Mid-Term investment with a projected -4.51% first-year return on $146k initial cash invested.

-4.51%

Cash On Cash

5.38%

Cap Rate

0.89

DSCR

$5,150

Rent

-$549

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,150 income − $5,699 expenses = $549 out of pocket

Income$5,150Out of Pocket$549Mortgage P&I$3,07860%Property Taxes$65613%Insurance$2154%Management$61812%CapEx$2064%Vacancy$1543%Maintenance$2064%Other$56611%

Investment Breakdown

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Purchase Price

$611k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$146k

Downpayment

20%

$122k

Closing costs

1%

$6,105

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$5,150

Total Expenses

$5,699

Mortgage P&I

60%

$3,078

Property Taxes

13%

$656

Home Insurance

4%

$215

HOA

0%

$0

Property Management

12%

$618

CapEx

4%

$206

Vacancy

3%

$154

Maintenance

4%

$206

Other

11%

$566

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