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$4,504 (target)

32024 Merano St, Lake Elsinore, CA 92530

3 beds • 2 baths • 1503 sqft

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This property looks like a bad Mid-Term investment with a projected -6.62% first-year return on $132k initial cash invested.

-6.62%

Cash On Cash

4.77%

Cap Rate

0.8

DSCR

$4,504

Rent

-$731

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,504 income − $5,235 expenses = $731 out of pocket

Income$4,504Out of Pocket$731Mortgage P&I$2,71860%Property Taxes$64214%Insurance$1914%HOA$1543%Management$54012%CapEx$1804%Vacancy$1353%Maintenance$1804%Other$49511%

Investment Breakdown

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Purchase Price

$545k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$132k

Downpayment

20%

$109k

Closing costs

1%

$5,450

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,504

Total Expenses

$5,235

Mortgage P&I

60%

$2,718

Property Taxes

14%

$642

Home Insurance

4%

$191

HOA

3%

$154

Property Management

12%

$540

CapEx

4%

$180

Vacancy

3%

$135

Maintenance

4%

$180

Other

11%

$495

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