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$7,076 (target)

424 Herrmann Dr, Monterey, CA 93940

3 beds • 2 baths • 1612 sqft

$1,275,000

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This property looks like a bad Mid-Term investment with a projected -9.78% first-year return on $286k initial cash invested.

-9.78%

Cash On Cash

4.1%

Cap Rate

0.68

DSCR

$7,076

Rent

-$2,330

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$7,076 income − $9,406 expenses = $2,330 out of pocket

Income$7,076Out of Pocket$2,330Mortgage P&I$6,40290%Property Taxes$1532%Insurance$4466%Management$84912%CapEx$2834%Vacancy$2123%Maintenance$2834%Other$77811%

Investment Breakdown

|

Purchase Price

$1275k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$286k

Downpayment

20%

$255k

Closing costs

1%

$12,750

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$7,076

Total Expenses

$9,406

Mortgage P&I

90%

$6,402

Property Taxes

2%

$153

Home Insurance

6%

$446

HOA

0%

$0

Property Management

12%

$849

CapEx

4%

$283

Vacancy

3%

$212

Maintenance

4%

$283

Other

11%

$778

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