REI Lense

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$4,650 (target)

670 Olive St, Morro Bay, CA 93442

3 beds • 2 baths • 1524 sqft

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This property looks like a bad Mid-Term investment with a projected -15.19% first-year return on $221k initial cash invested.

-15.19%

Cash On Cash

2.7%

Cap Rate

0.45

DSCR

$4,650

Rent

-$2,796

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,650 income − $7,446 expenses = $2,796 out of pocket

Income$4,650Out of Pocket$2,796Mortgage P&I$4,784103%Property Taxes$73216%Insurance$3487%Management$55812%CapEx$1864%Vacancy$1403%Maintenance$1864%Other$51211%

Investment Breakdown

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Purchase Price

$966k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$221k

Downpayment

20%

$193k

Closing costs

1%

$9,662

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$4,650

Total Expenses

$7,446

Mortgage P&I

103%

$4,784

Property Taxes

16%

$732

Home Insurance

7%

$348

HOA

0%

$0

Property Management

12%

$558

CapEx

4%

$186

Vacancy

3%

$140

Maintenance

4%

$186

Other

11%

$512

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