REI Lense

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$2,078 (target)

622 E California Ave, Ridgecrest, CA 93555

3 beds • 2 baths • 1500 sqft

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This property looks like a bad Mid-Term investment with a projected -1.73% first-year return on $61,890 initial cash invested.

-1.73%

Cash On Cash

6.68%

Cap Rate

0.99

DSCR

$2,078

Rent

-$89

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,078 income − $2,167 expenses = $89 out of pocket

Income$2,078Out of Pocket$89Mortgage P&I$1,17056%Property Taxes$21810%Insurance$734%Management$24912%CapEx$834%Vacancy$623%Maintenance$834%Other$22911%

Investment Breakdown

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Purchase Price

$209k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,890

Downpayment

20%

$41,800

Closing costs

1%

$2,090

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,078

Total Expenses

$2,167

Mortgage P&I

56%

$1,170

Property Taxes

10%

$218

Home Insurance

4%

$73

HOA

0%

$0

Property Management

12%

$249

CapEx

4%

$83

Vacancy

3%

$62

Maintenance

4%

$83

Other

11%

$229

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