REI Lense

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$2,988 (target)

521 Scott St, Ridgecrest, CA 93555

3 beds • 2 baths • 1777 sqft

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This property looks like a bad Mid-Term investment with a projected -3.19% first-year return on $86,796 initial cash invested.

-3.19%

Cash On Cash

5.98%

Cap Rate

0.94

DSCR

$2,988

Rent

-$231

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,988 income − $3,219 expenses = $231 out of pocket

Income$2,988Out of Pocket$231Mortgage P&I$1,74358%Property Taxes$34311%Insurance$1154%Management$35912%CapEx$1204%Vacancy$903%Maintenance$1204%Other$32911%

Investment Breakdown

|

Purchase Price

$328k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,796

Downpayment

20%

$65,520

Closing costs

1%

$3,276

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,988

Total Expenses

$3,219

Mortgage P&I

58%

$1,743

Property Taxes

11%

$343

Home Insurance

4%

$115

HOA

0%

$0

Property Management

12%

$359

CapEx

4%

$120

Vacancy

3%

$90

Maintenance

4%

$120

Other

11%

$329

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