REI Lense

REI Lense

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$1,901 (target)

317 Mamie St, Ridgecrest, CA 93555

3 beds • 2 baths • 1478 sqft

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This property looks like a bad Long-Term investment with a projected -8.24% first-year return on $59,409 initial cash invested.

-8.24%

Cash On Cash

4.69%

Cap Rate

0.78

DSCR

$1,901

Rent

-$408

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,901 income − $2,309 expenses = $408 out of pocket

Income$1,901Out of Pocket$408Mortgage P&I$1,41875%Property Taxes$29716%Insurance$1005%Management$19010%CapEx$955%Vacancy$1146%Maintenance$955%

Investment Breakdown

|

Purchase Price

$283k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,409

Downpayment

20%

$56,580

Closing costs

1%

$2,829

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,901

Total Expenses

$2,309

Mortgage P&I

75%

$1,418

Property Taxes

16%

$297

Home Insurance

5%

$100

HOA

0%

$0

Property Management

10%

$190

CapEx

5%

$95

Vacancy

6%

$114

Maintenance

5%

$95

Other

0%

$0

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