REI Lense

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$5,930 (target)

2631 Hemlock Ave, Morro Bay, CA 93442

3 beds • 3 baths • 1332 sqft

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This property looks like a bad Mid-Term investment with a projected -6.59% first-year return on $219k initial cash invested.

-6.59%

Cash On Cash

4.64%

Cap Rate

0.79

DSCR

$5,930

Rent

-$1,205

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,930 income − $7,135 expenses = $1,205 out of pocket

Income$5,930Out of Pocket$1,205Mortgage P&I$4,67479%Property Taxes$1092%Insurance$3366%Management$71212%CapEx$2374%Vacancy$1783%Maintenance$2374%Other$65211%

Investment Breakdown

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Purchase Price

$959k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$219k

Downpayment

20%

$192k

Closing costs

1%

$9,590

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$5,930

Total Expenses

$7,135

Mortgage P&I

79%

$4,674

Property Taxes

2%

$109

Home Insurance

6%

$336

HOA

0%

$0

Property Management

12%

$712

CapEx

4%

$237

Vacancy

3%

$178

Maintenance

4%

$237

Other

11%

$652

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