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$6,536 (target)

2560 Elm Ave, Morro Bay, CA 93442

3 beds • 3 baths • 2583 sqft

$1,299,000

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This property looks like a bad Mid-Term investment with a projected -16.44% first-year return on $291k initial cash invested.

-16.44%

Cash On Cash

2.72%

Cap Rate

0.44

DSCR

$6,536

Rent

-$3,984

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$6,536 income − $10,520 expenses = $3,984 out of pocket

Income$6,536Out of Pocket$3,984Mortgage P&I$6,664102%Property Taxes$1,18018%Insurance$4557%Management$78412%CapEx$2614%Vacancy$1963%Maintenance$2614%Other$71911%

Investment Breakdown

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Purchase Price

$1299k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$291k

Downpayment

20%

$260k

Closing costs

1%

$12,990

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$6,536

Total Expenses

$10,520

Mortgage P&I

102%

$6,664

Property Taxes

18%

$1,180

Home Insurance

7%

$455

HOA

0%

$0

Property Management

12%

$784

CapEx

4%

$261

Vacancy

3%

$196

Maintenance

4%

$261

Other

11%

$719

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