REI Lense

REI Lense

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$2,014 (target)

1220 Turning Leaf Ln, Farmington, NM 87401

3 beds • 2 baths • 1420 sqft

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This property looks like a bad Long-Term investment with a projected -5.89% first-year return on $65,982 initial cash invested.

-5.89%

Cash On Cash

5.04%

Cap Rate

0.86

DSCR

$2,014

Rent

-$324

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,014 income − $2,338 expenses = $324 out of pocket

Income$2,014Out of Pocket$324Mortgage P&I$1,54377%Property Taxes$1387%Insurance$1337%Management$20110%CapEx$1015%Vacancy$1216%Maintenance$1015%

Investment Breakdown

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Purchase Price

$314k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,982

Downpayment

20%

$62,840

Closing costs

1%

$3,142

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,014

Total Expenses

$2,338

Mortgage P&I

77%

$1,543

Property Taxes

7%

$138

Home Insurance

7%

$133

HOA

0%

$0

Property Management

10%

$201

CapEx

5%

$101

Vacancy

6%

$121

Maintenance

5%

$101

Other

0%

$0

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