REI Lense

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$2,030 (target)

429 Appaloosa Way, Fernley, NV 89408

3 beds • 2 baths • 1213 sqft

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This property looks like a bad Long-Term investment with a projected -7.22% first-year return on $72,303 initial cash invested.

-7.22%

Cash On Cash

4.83%

Cap Rate

0.81

DSCR

$2,030

Rent

-$435

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,030 income − $2,465 expenses = $435 out of pocket

Income$2,030Out of Pocket$435Mortgage P&I$1,71885%Property Taxes$975%Insurance$1216%Management$20310%CapEx$1025%Vacancy$1226%Maintenance$1025%

Investment Breakdown

|

Purchase Price

$344k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,303

Downpayment

20%

$68,860

Closing costs

1%

$3,443

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,030

Total Expenses

$2,465

Mortgage P&I

85%

$1,718

Property Taxes

5%

$97

Home Insurance

6%

$121

HOA

0%

$0

Property Management

10%

$203

CapEx

5%

$102

Vacancy

6%

$122

Maintenance

5%

$102

Other

0%

$0

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