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$7,582 (target)

247 23rd St, Costa Mesa, CA 92627

3 beds • 3 baths • 2569 sqft

$3,250,000

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This property looks like a bad Mid-Term investment with a projected -22.36% first-year return on $701k initial cash invested.

-22.36%

Cash On Cash

1.33%

Cap Rate

0.22

DSCR

$7,582

Rent

-$13,051

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$7,582 income − $20,633 expenses = $13,051 out of pocket

Income$7,582Out of Pocket$13,051Mortgage P&I$16,347216%Property Taxes$5718%Insurance$1,13815%Management$91012%CapEx$3034%Vacancy$2273%Maintenance$3034%Other$83411%

Investment Breakdown

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Purchase Price

$3250k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$701k

Downpayment

20%

$650k

Closing costs

1%

$32,500

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$7,582

Total Expenses

$20,633

Mortgage P&I

216%

$16,347

Property Taxes

8%

$571

Home Insurance

15%

$1,138

HOA

0%

$0

Property Management

12%

$910

CapEx

4%

$303

Vacancy

3%

$227

Maintenance

4%

$303

Other

11%

$834

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