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$3,531 (target)

704 Garner Ave APT 46, Salinas, CA 93905

3 beds • 2 baths • 1260 sqft

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This property looks like a bad Long-Term investment with a projected -9.44% first-year return on $115k initial cash invested.

-9.44%

Cash On Cash

4.37%

Cap Rate

0.73

DSCR

$3,531

Rent

-$906

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,531 income − $4,437 expenses = $906 out of pocket

Income$3,531Out of Pocket$906Mortgage P&I$2,72877%Property Taxes$59417%Insurance$1966%Management$35310%CapEx$1775%Vacancy$2126%Maintenance$1775%

Investment Breakdown

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Purchase Price

$548k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$115k

Downpayment

20%

$110k

Closing costs

1%

$5,484

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,531

Total Expenses

$4,437

Mortgage P&I

77%

$2,728

Property Taxes

17%

$594

Home Insurance

6%

$196

HOA

0%

$0

Property Management

10%

$353

CapEx

5%

$177

Vacancy

6%

$212

Maintenance

5%

$177

Other

0%

$0

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