REI Lense

REI Lense

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$1,901 (target)

1402 N Carlton Ave, Farmington, NM 87401

3 beds • 2 baths • 1472 sqft

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This property looks like a bad Long-Term investment with a projected -6.88% first-year return on $62,968 initial cash invested.

-6.88%

Cash On Cash

5.08%

Cap Rate

0.83

DSCR

$1,901

Rent

-$361

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,901 income − $2,262 expenses = $361 out of pocket

Income$1,901Out of Pocket$361Mortgage P&I$1,53681%Property Taxes$1277%Insurance$1056%Management$19010%CapEx$955%Vacancy$1146%Maintenance$955%

Investment Breakdown

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Purchase Price

$300k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$62,968

Downpayment

20%

$59,970

Closing costs

1%

$2,998

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,901

Total Expenses

$2,262

Mortgage P&I

81%

$1,536

Property Taxes

7%

$127

Home Insurance

6%

$105

HOA

0%

$0

Property Management

10%

$190

CapEx

5%

$95

Vacancy

6%

$114

Maintenance

5%

$95

Other

0%

$0

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