REI Lense

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$3,758 (target)

2504 Spring Water Dr, Modesto, CA 95355

3 beds • 2 baths • 1363 sqft

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This property looks like a bad Mid-Term investment with a projected -3.3% first-year return on $122k initial cash invested.

-3.3%

Cash On Cash

5.57%

Cap Rate

0.93

DSCR

$3,758

Rent

-$335

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,758 income − $4,093 expenses = $335 out of pocket

Income$3,758Out of Pocket$335Mortgage P&I$2,47566%Property Taxes$1664%Insurance$1755%Management$45112%CapEx$1504%Vacancy$1133%Maintenance$1504%Other$41311%

Investment Breakdown

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Purchase Price

$494k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$122k

Downpayment

20%

$98,740

Closing costs

1%

$4,937

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,758

Total Expenses

$4,093

Mortgage P&I

66%

$2,475

Property Taxes

4%

$166

Home Insurance

5%

$175

HOA

0%

$0

Property Management

12%

$451

CapEx

4%

$150

Vacancy

3%

$113

Maintenance

4%

$150

Other

11%

$413

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