REI Lense

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$2,091 (target)

12 Melrose Pl, Edgewood, NM 87015

3 beds • 2 baths • 1407 sqft

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This property looks like a bad Long-Term investment with a projected -6.73% first-year return on $65,394 initial cash invested.

-6.73%

Cash On Cash

5.16%

Cap Rate

0.84

DSCR

$2,091

Rent

-$367

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,091 income − $2,458 expenses = $367 out of pocket

Income$2,091Out of Pocket$367Mortgage P&I$1,60277%Property Taxes$20010%Insurance$1125%Management$20910%CapEx$1055%Vacancy$1256%Maintenance$1055%

Investment Breakdown

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Purchase Price

$311k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,394

Downpayment

20%

$62,280

Closing costs

1%

$3,114

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,091

Total Expenses

$2,458

Mortgage P&I

77%

$1,602

Property Taxes

10%

$200

Home Insurance

5%

$112

HOA

0%

$0

Property Management

10%

$209

CapEx

5%

$105

Vacancy

6%

$125

Maintenance

5%

$105

Other

0%

$0

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