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$6,195 (target)

253 Novara Dr, Long Beach, CA 90803

3 beds • 2 baths • 2129 sqft

$2,119,200

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This property looks like a bad Long-Term investment with a projected -24.13% first-year return on $445k initial cash invested.

-24.13%

Cash On Cash

1.11%

Cap Rate

0.18

DSCR

$6,195

Rent

-$8,948

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$6,195 income − $15,143 expenses = $8,948 out of pocket

Income$6,195Out of Pocket$8,948Mortgage P&I$10,598171%Property Taxes$2,16335%Insurance$77012%Management$62010%CapEx$3105%Vacancy$3726%Maintenance$3105%

Investment Breakdown

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Purchase Price

$2119k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$445k

Downpayment

20%

$424k

Closing costs

1%

$21,192

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$6,195

Total Expenses

$15,143

Mortgage P&I

171%

$10,598

Property Taxes

35%

$2,163

Home Insurance

12%

$770

HOA

0%

$0

Property Management

10%

$620

CapEx

5%

$310

Vacancy

6%

$372

Maintenance

5%

$310

Other

0%

$0

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