REI Lense

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$1,509 (target)

824 W Coral Ave, Ridgecrest, CA 93555

3 beds • 2 baths • 1118 sqft

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This property looks like a bad Long-Term investment with a projected -7.87% first-year return on $44,835 initial cash invested.

-7.87%

Cash On Cash

5.03%

Cap Rate

0.8

DSCR

$1,509

Rent

-$294

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,509 income − $1,803 expenses = $294 out of pocket

Income$1,509Out of Pocket$294Mortgage P&I$1,11474%Property Taxes$23416%Insurance$634%Management$15110%CapEx$755%Vacancy$916%Maintenance$755%

Investment Breakdown

|

Purchase Price

$214k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$44,835

Downpayment

20%

$42,700

Closing costs

1%

$2,135

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,509

Total Expenses

$1,803

Mortgage P&I

74%

$1,114

Property Taxes

16%

$234

Home Insurance

4%

$63

HOA

0%

$0

Property Management

10%

$151

CapEx

5%

$75

Vacancy

6%

$91

Maintenance

5%

$75

Other

0%

$0

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