REI Lense

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$5,307 (target)

602 Balboa St, Grover Beach, CA 93433

3 beds • 3 baths • 2000 sqft

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This property looks like a bad Mid-Term investment with a projected -10.53% first-year return on $214k initial cash invested.

-10.53%

Cash On Cash

3.76%

Cap Rate

0.64

DSCR

$5,307

Rent

-$1,882

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,307 income − $7,189 expenses = $1,882 out of pocket

Income$5,307Out of Pocket$1,882Mortgage P&I$4,59987%Property Taxes$3747%Insurance$3326%HOA$802%Management$63712%CapEx$2124%Vacancy$1593%Maintenance$2124%Other$58411%

Investment Breakdown

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Purchase Price

$936k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$214k

Downpayment

20%

$187k

Closing costs

1%

$9,357

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$5,307

Total Expenses

$7,189

Mortgage P&I

87%

$4,599

Property Taxes

7%

$374

Home Insurance

6%

$332

HOA

2%

$80

Property Management

12%

$637

CapEx

4%

$212

Vacancy

3%

$159

Maintenance

4%

$212

Other

11%

$584

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