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289 N Michelle Rd, Palm Springs, CA 92262

3 beds • 3 baths • 1920 sqft

$1,241,600

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This property looks like a bad Long-Term investment with a projected -11.67% first-year return on $261k initial cash invested.

-11.67%

Cash On Cash

3.77%

Cap Rate

0.64

DSCR

$6,551

Rent

-$2,536

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$1242k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$261k

Downpayment

20%

$248k

Closing costs

1%

$12,416

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$6,551

Total Expenses

$9,087

Mortgage P&I

93%

$6,111

Property Taxes

13%

$819

Home Insurance

7%

$453

HOA

0%

$0

Property Management

10%

$655

CapEx

5%

$328

Vacancy

6%

$393

Maintenance

5%

$328

Other

0%

$0

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