REI Lense

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$2,763 (target)

608 Peg St, Ridgecrest, CA 93555

3 beds • 2 baths • 1447 sqft

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This property might be a fair Mid-Term investment with a projected 2.99% first-year return on $69,429 initial cash invested.

2.99%

Cash On Cash

7.76%

Cap Rate

1.22

DSCR

$2,763

Rent

$173

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,763 income − $2,590 expenses = $173 cash flow

Income$2,763Mortgage P&I$1,30047%Property Taxes$26310%Insurance$863%Management$33212%CapEx$1114%Vacancy$833%Maintenance$1114%Other$30411%Cash Flow$173

Investment Breakdown

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Purchase Price

$245k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,429

Downpayment

20%

$48,980

Closing costs

1%

$2,449

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,763

Total Expenses

$2,590

Mortgage P&I

47%

$1,300

Property Taxes

10%

$263

Home Insurance

3%

$86

HOA

0%

$0

Property Management

12%

$332

CapEx

4%

$111

Vacancy

3%

$83

Maintenance

4%

$111

Other

11%

$304

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