REI Lense

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$4,710 (target)

29180 Springshores Dr, Menifee, CA 92585

3 beds • 3 baths • 2090 sqft

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This property looks like a bad Mid-Term investment with a projected -6.15% first-year return on $140k initial cash invested.

-6.15%

Cash On Cash

4.87%

Cap Rate

0.82

DSCR

$4,710

Rent

-$716

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,710 income − $5,426 expenses = $716 out of pocket

Income$4,710Out of Pocket$716Mortgage P&I$2,88461%Property Taxes$65314%Insurance$2345%HOA$551%Management$56512%CapEx$1884%Vacancy$1413%Maintenance$1884%Other$51811%

Investment Breakdown

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Purchase Price

$580k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$140k

Downpayment

20%

$116k

Closing costs

1%

$5,800

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,710

Total Expenses

$5,426

Mortgage P&I

61%

$2,884

Property Taxes

14%

$653

Home Insurance

5%

$234

HOA

1%

$55

Property Management

12%

$565

CapEx

4%

$188

Vacancy

3%

$141

Maintenance

4%

$188

Other

11%

$518

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