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$7,288 (target)

24720 Foothill Dr, Salinas, CA 93908

3 beds • 3 baths • 2476 sqft

$1,060,500

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This property looks like a bad Mid-Term investment with a projected -8.67% first-year return on $241k initial cash invested.

-8.67%

Cash On Cash

4.41%

Cap Rate

0.73

DSCR

$7,288

Rent

-$1,739

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$7,288 income − $9,027 expenses = $1,739 out of pocket

Income$7,288Out of Pocket$1,739Mortgage P&I$5,34773%Property Taxes$4977%Insurance$3845%HOA$3194%Management$87512%CapEx$2924%Vacancy$2193%Maintenance$2924%Other$80211%

Investment Breakdown

|

Purchase Price

$1061k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$241k

Downpayment

20%

$212k

Closing costs

1%

$10,605

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$7,288

Total Expenses

$9,027

Mortgage P&I

73%

$5,347

Property Taxes

7%

$497

Home Insurance

5%

$384

HOA

4%

$319

Property Management

12%

$875

CapEx

4%

$292

Vacancy

3%

$219

Maintenance

4%

$292

Other

11%

$802

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