REI Lense

REI Lense

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$1,385 (target)

622 E California Ave, Ridgecrest, CA 93555

3 beds • 2 baths • 1500 sqft

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This property looks like a bad Long-Term investment with a projected -11.89% first-year return on $43,890 initial cash invested.

-11.89%

Cash On Cash

4.62%

Cap Rate

0.69

DSCR

$1,385

Rent

-$435

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,385 income − $1,820 expenses = $435 out of pocket

Income$1,385Out of Pocket$435Mortgage P&I$1,17084%Property Taxes$21816%Insurance$735%Management$13810%CapEx$695%Vacancy$836%Maintenance$695%

Investment Breakdown

|

Purchase Price

$209k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$43,890

Downpayment

20%

$41,800

Closing costs

1%

$2,090

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,385

Total Expenses

$1,820

Mortgage P&I

84%

$1,170

Property Taxes

16%

$218

Home Insurance

5%

$73

HOA

0%

$0

Property Management

10%

$138

CapEx

5%

$69

Vacancy

6%

$83

Maintenance

5%

$69

Other

0%

$0

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