REI Lense

REI Lense

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$2,438 (target)

105 Watson Ct, Corrales, NM 87048

3 beds • 2 baths • 1815 sqft

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This property looks like a bad Long-Term investment with a projected -17.85% first-year return on $121k initial cash invested.

-17.85%

Cash On Cash

3.15%

Cap Rate

0.47

DSCR

$2,438

Rent

-$1,796

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,438 income − $4,234 expenses = $1,796 out of pocket

Income$2,438Out of Pocket$1,796Mortgage P&I$3,185131%Property Taxes$2149%Insurance$2018%Management$24410%CapEx$1225%Vacancy$1466%Maintenance$1225%

Investment Breakdown

|

Purchase Price

$575k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$121k

Downpayment

20%

$115k

Closing costs

1%

$5,750

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,438

Total Expenses

$4,234

Mortgage P&I

131%

$3,185

Property Taxes

9%

$214

Home Insurance

8%

$201

HOA

0%

$0

Property Management

10%

$244

CapEx

5%

$122

Vacancy

6%

$146

Maintenance

5%

$122

Other

0%

$0

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