REI Lense

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$4,521 (target)

29269 Granite Ridge Ct, Canyon Lake, CA 92587

3 beds • 2 baths • 1968 sqft

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This property looks like a bad Mid-Term investment with a projected -4.54% first-year return on $141k initial cash invested.

-4.54%

Cash On Cash

5.3%

Cap Rate

0.88

DSCR

$4,521

Rent

-$534

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,521 income − $5,055 expenses = $534 out of pocket

Income$4,521Out of Pocket$534Mortgage P&I$2,94465%Property Taxes$2756%Insurance$1984%HOA$1002%Management$54312%CapEx$1814%Vacancy$1363%Maintenance$1814%Other$49711%

Investment Breakdown

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Purchase Price

$587k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$141k

Downpayment

20%

$117k

Closing costs

1%

$5,865

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,521

Total Expenses

$5,055

Mortgage P&I

65%

$2,944

Property Taxes

6%

$275

Home Insurance

4%

$198

HOA

2%

$100

Property Management

12%

$543

CapEx

4%

$181

Vacancy

3%

$136

Maintenance

4%

$181

Other

11%

$497

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