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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 Mid-Term investment with a projected -3.87% first-year return on $279k initial cash invested.

-3.87%

Cash On Cash

5.42%

Cap Rate

0.92

DSCR

$9,826

Rent

-$898

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

$279k

Downpayment

20%

$248k

Closing costs

1%

$12,416

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$9,826

Total Expenses

$10,724

Mortgage P&I

62%

$6,111

Property Taxes

8%

$819

Home Insurance

5%

$453

HOA

0%

$0

Property Management

12%

$1,179

CapEx

4%

$393

Vacancy

3%

$295

Maintenance

4%

$393

Other

11%

$1,081

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