REI Lense

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$4,488 (target)

2445 Spruce St, Bakersfield, CA 93301

3 beds • 3 baths • 2587 sqft

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This property looks like a bad Mid-Term investment with a projected -3.94% first-year return on $135k initial cash invested.

-3.94%

Cash On Cash

5.33%

Cap Rate

0.9

DSCR

$4,488

Rent

-$443

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,488 income − $4,931 expenses = $443 out of pocket

Income$4,488Out of Pocket$443Mortgage P&I$2,73861%Property Taxes$46510%Insurance$2004%Management$53912%CapEx$1804%Vacancy$1353%Maintenance$1804%Other$49411%

Investment Breakdown

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Purchase Price

$557k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$135k

Downpayment

20%

$111k

Closing costs

1%

$5,571

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,488

Total Expenses

$4,931

Mortgage P&I

61%

$2,738

Property Taxes

10%

$465

Home Insurance

4%

$200

HOA

0%

$0

Property Management

12%

$539

CapEx

4%

$180

Vacancy

3%

$135

Maintenance

4%

$180

Other

11%

$494

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