REI Lense

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$2,970 (target)

1320 Manzanita Ct SE, Rio Rancho, NM 87124

3 beds • 2 baths • 1373 sqft

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This property might be a fair Mid-Term investment with a projected 1.46% first-year return on $83,877 initial cash invested.

1.46%

Cash On Cash

6.84%

Cap Rate

1.14

DSCR

$2,970

Rent

$102

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$314k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$83,877

Downpayment

20%

$62,740

Closing costs

1%

$3,137

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,970

Total Expenses

$2,868

Mortgage P&I

53%

$1,568

Property Taxes

6%

$180

Home Insurance

4%

$110

HOA

0%

$0

Property Management

12%

$356

CapEx

4%

$119

Vacancy

3%

$89

Maintenance

4%

$119

Other

11%

$327

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