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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 -8.3% first-year return on $83,394 initial cash invested.

-8.3%

Cash On Cash

4.35%

Cap Rate

0.7

DSCR

$2,572

Rent

-$577

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,572 income − $3,149 expenses = $577 out of pocket

Income$2,572Out of Pocket$577Mortgage P&I$1,60262%Property Taxes$2008%Insurance$1124%Management$38615%CapEx$1034%Maintenance$1034%Other$64325%

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

$2,572

Total Expenses

$3,149

Mortgage P&I

62%

$1,602

Property Taxes

8%

$200

Home Insurance

4%

$112

HOA

0%

$0

Property Management

15%

$386

CapEx

4%

$103

Vacancy

0%

$0

Maintenance

4%

$103

Other

25%

$643

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