REI Lense

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$6,928 (target)

99 Lake Shore Dr, Rancho Mirage, CA 92270

3 beds • 3 baths • 1813 sqft

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This property looks like a bad Mid-Term investment with a projected -7.3% first-year return on $163k initial cash invested.

-7.3%

Cash On Cash

4.91%

Cap Rate

0.8

DSCR

$6,928

Rent

-$990

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$6,928 income − $7,918 expenses = $990 out of pocket

Income$6,928Out of Pocket$990Mortgage P&I$3,53151%Property Taxes$67210%Insurance$2413%HOA$1,11916%Management$83112%CapEx$2774%Vacancy$2083%Maintenance$2774%Other$76211%

Investment Breakdown

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Purchase Price

$689k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$163k

Downpayment

20%

$138k

Closing costs

1%

$6,889

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$6,928

Total Expenses

$7,918

Mortgage P&I

51%

$3,531

Property Taxes

10%

$672

Home Insurance

3%

$241

HOA

16%

$1,119

Property Management

12%

$831

CapEx

4%

$277

Vacancy

3%

$208

Maintenance

4%

$277

Other

11%

$762

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