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$7,524 (target)

31 Chardonnay, Rancho Mirage, CA 92270

3 beds • 2 baths • 2329 sqft

$1,215,500

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This property looks like a bad Mid-Term investment with a projected -14.8% first-year return on $273k initial cash invested.

-14.8%

Cash On Cash

3.04%

Cap Rate

0.5

DSCR

$7,524

Rent

-$3,371

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$7,524 income − $10,895 expenses = $3,371 out of pocket

Income$7,524Out of Pocket$3,371Mortgage P&I$6,15182%Property Taxes$1,21816%Insurance$4376%HOA$5307%Management$90312%CapEx$3014%Vacancy$2263%Maintenance$3014%Other$82811%

Investment Breakdown

|

Purchase Price

$1216k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$273k

Downpayment

20%

$243k

Closing costs

1%

$12,155

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$7,524

Total Expenses

$10,895

Mortgage P&I

82%

$6,151

Property Taxes

16%

$1,218

Home Insurance

6%

$437

HOA

7%

$530

Property Management

12%

$903

CapEx

4%

$301

Vacancy

3%

$226

Maintenance

4%

$301

Other

11%

$828

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