REI Lense

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$1,625 (target)

932 W Langley Ave, Ridgecrest, CA 93555

3 beds • 2 baths • 1311 sqft

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This property looks like a bad Long-Term investment with a projected -10.04% first-year return on $53,802 initial cash invested.

-10.04%

Cash On Cash

4.42%

Cap Rate

0.72

DSCR

$1,625

Rent

-$450

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,625 income − $2,075 expenses = $450 out of pocket

Income$1,625Out of Pocket$450Mortgage P&I$1,31281%Property Taxes$25516%Insurance$865%Management$16210%CapEx$815%Vacancy$986%Maintenance$815%

Investment Breakdown

|

Purchase Price

$256k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$53,802

Downpayment

20%

$51,240

Closing costs

1%

$2,562

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,625

Total Expenses

$2,075

Mortgage P&I

81%

$1,312

Property Taxes

16%

$255

Home Insurance

5%

$86

HOA

0%

$0

Property Management

10%

$162

CapEx

5%

$81

Vacancy

6%

$98

Maintenance

5%

$81

Other

0%

$0

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