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$2,264 (target)

824 W Coral Ave, Ridgecrest, CA 93555

3 beds • 2 baths • 1118 sqft

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This property might be a fair Mid-Term investment with a projected 1.57% first-year return on $62,835 initial cash invested.

1.57%

Cash On Cash

7.23%

Cap Rate

1.16

DSCR

$2,264

Rent

$82

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,264 income − $2,182 expenses = $82 cash flow

Income$2,264Mortgage P&I$1,11449%Property Taxes$23410%Insurance$633%Management$27212%CapEx$914%Vacancy$683%Maintenance$914%Other$24911%Cash Flow$82

Investment Breakdown

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Purchase Price

$214k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$62,835

Downpayment

20%

$42,700

Closing costs

1%

$2,135

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,264

Total Expenses

$2,182

Mortgage P&I

49%

$1,114

Property Taxes

10%

$234

Home Insurance

3%

$63

HOA

0%

$0

Property Management

12%

$272

CapEx

4%

$91

Vacancy

3%

$68

Maintenance

4%

$91

Other

11%

$249

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