REI Lense

REI Lense

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$1,875 (target)

1389 Chapman St, Clovis, NM 88101

3 beds • 3 baths • 2082 sqft

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This property looks like a bad Long-Term investment with a projected -9.25% first-year return on $64,974 initial cash invested.

-9.25%

Cash On Cash

4.44%

Cap Rate

0.74

DSCR

$1,875

Rent

-$501

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,875 income − $2,376 expenses = $501 out of pocket

Income$1,875Out of Pocket$501Mortgage P&I$1,55183%Property Taxes$22512%Insurance$1126%Management$18810%CapEx$945%Vacancy$1126%Maintenance$945%

Investment Breakdown

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Purchase Price

$309k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,974

Downpayment

20%

$61,880

Closing costs

1%

$3,094

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,875

Total Expenses

$2,376

Mortgage P&I

83%

$1,551

Property Taxes

12%

$225

Home Insurance

6%

$112

HOA

0%

$0

Property Management

10%

$188

CapEx

5%

$94

Vacancy

6%

$112

Maintenance

5%

$94

Other

0%

$0

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