REI Lense

REI Lense

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$1,583 (target)

429 Lenore St, Ridgecrest, CA 93555

3 beds • 2 baths • 1161 sqft

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This property might be a fair Long-Term investment with a projected 1.89% first-year return on $34,230 initial cash invested.

1.89%

Cash On Cash

7.52%

Cap Rate

1.15

DSCR

$1,583

Rent

$54

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,583 income − $1,529 expenses = $54 cash flow

Income$1,583Mortgage P&I$88856%Property Taxes$17211%Insurance$584%Management$15810%CapEx$795%Vacancy$956%Maintenance$795%Cash Flow$54

Investment Breakdown

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Purchase Price

$163k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$34,230

Downpayment

20%

$32,600

Closing costs

1%

$1,630

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,583

Total Expenses

$1,529

Mortgage P&I

56%

$888

Property Taxes

11%

$172

Home Insurance

4%

$58

HOA

0%

$0

Property Management

10%

$158

CapEx

5%

$79

Vacancy

6%

$95

Maintenance

5%

$79

Other

0%

$0

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