REI Lense

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$5,648 (target)

2515 Elliott St, Santa Maria, CA 93455

3 beds • 2 baths • 1944 sqft

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This property looks like a bad Mid-Term investment with a projected -5.89% first-year return on $173k initial cash invested.

-5.89%

Cash On Cash

4.93%

Cap Rate

0.83

DSCR

$5,648

Rent

-$850

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,648 income − $6,498 expenses = $850 out of pocket

Income$5,648Out of Pocket$850Mortgage P&I$3,66065%Property Taxes$65912%Insurance$2595%Management$67812%CapEx$2264%Vacancy$1693%Maintenance$2264%Other$62111%

Investment Breakdown

|

Purchase Price

$739k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$173k

Downpayment

20%

$148k

Closing costs

1%

$7,390

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$5,648

Total Expenses

$6,498

Mortgage P&I

65%

$3,660

Property Taxes

12%

$659

Home Insurance

5%

$259

HOA

0%

$0

Property Management

12%

$678

CapEx

4%

$226

Vacancy

3%

$169

Maintenance

4%

$226

Other

11%

$621

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