REI Lense

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$3,021 (target)

1220 Turning Leaf Ln, Farmington, NM 87401

3 beds • 2 baths • 1420 sqft

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This property might be a fair Mid-Term investment with a projected 2.56% first-year return on $83,982 initial cash invested.

2.56%

Cash On Cash

7.04%

Cap Rate

1.19

DSCR

$3,021

Rent

$179

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,021 income − $2,842 expenses = $179 cash flow

Income$3,021Mortgage P&I$1,54351%Property Taxes$1385%Insurance$1334%Management$36312%CapEx$1214%Vacancy$913%Maintenance$1214%Other$33211%Cash Flow$179

Investment Breakdown

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Purchase Price

$314k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$83,982

Downpayment

20%

$62,840

Closing costs

1%

$3,142

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,021

Total Expenses

$2,842

Mortgage P&I

51%

$1,543

Property Taxes

5%

$138

Home Insurance

4%

$133

HOA

0%

$0

Property Management

12%

$363

CapEx

4%

$121

Vacancy

3%

$91

Maintenance

4%

$121

Other

11%

$332

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