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48423 Thoreau Road
Single Family Cash-flow positiveWithin your budget

48423 Thoreau Road

48423 Thoreau Road, Newberry Springs, CA

2 beds 2 baths 924 sqft

Wow! Over 9 fenced acres with two parcels and a single wide mobile in Newberry Springs! This fixer is ready for a new look. Some renovations have been started but then left for a while. The first 4.18 acres is along Thoreau Rd. and the second parcel of 4.76 acres is behind. There is lots of room to expand and make this large piece of property your own. Use your imagination!

List price

$57,500

Est. monthly rent

$1,200

DSCR2.99×

Lender minimum: 1.25×

Monthly cash flow

$599

Cash-on-cash return

41.64%

Down payment (25%)$14,375
Closing costs (5%)$2,875
Total cash needed$17,250
Loan amount (75%)$43,125
Monthly mortgage (7.50%, 30yr)$302
Annual property taxes$719
Insurance, vacancy, mgmt.$2,880
Net operating income (yr)$10,802
Gross yield25.04%

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