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12 Melrose Pl, Edgewood, NM 87015

3 beds • 2 baths • 1407 sqft

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This property looks like a bad Airbnb investment with a projected -8.85% first-year return on $83,394 initial cash invested.

-8.85%

Cash On Cash

4.19%

Cap Rate

0.68

DSCR

$2,498

Rent

-$615

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,498 income − $3,113 expenses = $615 out of pocket

Income$2,498Out of Pocket$615Mortgage P&I$1,60264%Property Taxes$2008%Insurance$1124%Management$37515%CapEx$1004%Maintenance$1004%Other$62425%

Investment Breakdown

|

Purchase Price

$311k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$83,394

Downpayment

20%

$62,280

Closing costs

1%

$3,114

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,498

Total Expenses

$3,113

Mortgage P&I

64%

$1,602

Property Taxes

8%

$200

Home Insurance

4%

$112

HOA

0%

$0

Property Management

15%

$375

CapEx

4%

$100

Vacancy

0%

$0

Maintenance

4%

$100

Other

25%

$624

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