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666 E Mel Ave, Palm Springs, CA 92262

3 beds • 3 baths • 3583 sqft

$2,281,700

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This property looks like a bad Long-Term investment with a projected -23.95% first-year return on $479k initial cash invested.

-23.95%

Cash On Cash

1.09%

Cap Rate

0.18

DSCR

$6,253

Rent

-$9,562

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$2282k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$479k

Downpayment

20%

$456k

Closing costs

1%

$22,817

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$6,253

Total Expenses

$15,815

Mortgage P&I

181%

$11,318

Property Taxes

32%

$2,031

Home Insurance

13%

$840

HOA

0%

$0

Property Management

10%

$625

CapEx

5%

$313

Vacancy

6%

$375

Maintenance

5%

$313

Other

0%

$0

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