REI Lense

REI Lense

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$3,388 (target)

581 Newport Ave, Grover Beach, CA 93433

3 beds • 3 baths • 1500 sqft

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This property looks like a bad Long-Term investment with a projected -20.17% first-year return on $185k initial cash invested.

-20.17%

Cash On Cash

2.1%

Cap Rate

0.34

DSCR

$3,388

Rent

-$3,110

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,388 income − $6,498 expenses = $3,110 out of pocket

Income$3,388Out of Pocket$3,110Mortgage P&I$4,486132%Property Taxes$81724%Insurance$3159%Management$33910%CapEx$1695%Vacancy$2036%Maintenance$1695%

Investment Breakdown

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Purchase Price

$881k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$185k

Downpayment

20%

$176k

Closing costs

1%

$8,811

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,388

Total Expenses

$6,498

Mortgage P&I

132%

$4,486

Property Taxes

24%

$817

Home Insurance

9%

$315

HOA

0%

$0

Property Management

10%

$339

CapEx

5%

$169

Vacancy

6%

$203

Maintenance

5%

$169

Other

0%

$0

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