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$2,784 (target)

29677 Fortitude Dr, Menifee, CA 92584

3 beds • 3 baths • 2191 sqft

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This property looks like a bad Long-Term investment with a projected -19.44% first-year return on $149k initial cash invested.

-19.44%

Cash On Cash

2.12%

Cap Rate

0.36

DSCR

$2,784

Rent

-$2,420

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,784 income − $5,204 expenses = $2,420 out of pocket

Income$2,784Out of Pocket$2,420Mortgage P&I$3,538127%Property Taxes$69425%Insurance$2499%Management$27810%CapEx$1395%Vacancy$1676%Maintenance$1395%

Investment Breakdown

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Purchase Price

$712k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$149k

Downpayment

20%

$142k

Closing costs

1%

$7,115

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,784

Total Expenses

$5,204

Mortgage P&I

127%

$3,538

Property Taxes

25%

$694

Home Insurance

9%

$249

HOA

0%

$0

Property Management

10%

$278

CapEx

5%

$139

Vacancy

6%

$167

Maintenance

5%

$139

Other

0%

$0

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