REI Lense

REI Lense

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$3,100 (target)

670 Olive St, Morro Bay, CA 93442

3 beds • 2 baths • 1524 sqft

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This property looks like a bad Long-Term investment with a projected -21.11% first-year return on $203k initial cash invested.

-21.11%

Cash On Cash

1.7%

Cap Rate

0.29

DSCR

$3,100

Rent

-$3,570

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,100 income − $6,670 expenses = $3,570 out of pocket

Income$3,100Out of Pocket$3,570Mortgage P&I$4,784154%Property Taxes$73224%Insurance$34811%Management$31010%CapEx$1555%Vacancy$1866%Maintenance$1555%

Investment Breakdown

|

Purchase Price

$966k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$203k

Downpayment

20%

$193k

Closing costs

1%

$9,662

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,100

Total Expenses

$6,670

Mortgage P&I

154%

$4,784

Property Taxes

24%

$732

Home Insurance

11%

$348

HOA

0%

$0

Property Management

10%

$310

CapEx

5%

$155

Vacancy

6%

$186

Maintenance

5%

$155

Other

0%

$0

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