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$3,089 (target)

29117 Steamboat Dr, Menifee, CA 92585

3 beds • 2 baths • 2284 sqft

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This property looks like a bad Long-Term investment with a projected -16.85% first-year return on $126k initial cash invested.

-16.85%

Cash On Cash

3.11%

Cap Rate

0.49

DSCR

$3,089

Rent

-$1,766

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,089 income − $4,855 expenses = $1,766 out of pocket

Income$3,089Out of Pocket$1,766Mortgage P&I$3,162102%Property Taxes$58519%Insurance$2107%HOA$963%Management$30910%CapEx$1545%Vacancy$1856%Maintenance$1545%

Investment Breakdown

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Purchase Price

$599k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$126k

Downpayment

20%

$120k

Closing costs

1%

$5,988

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,089

Total Expenses

$4,855

Mortgage P&I

102%

$3,162

Property Taxes

19%

$585

Home Insurance

7%

$210

HOA

3%

$96

Property Management

10%

$309

CapEx

5%

$154

Vacancy

6%

$185

Maintenance

5%

$154

Other

0%

$0

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