REI Lense

REI Lense

$2,638 (target)

1421 E Llano Dr, Hobbs, NM 88240

3 beds • 2 baths • 1208 sqft

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This property could be a profitable Mid-Term investment with a projected 13.62% first-year return on $54,729 initial cash invested.

13.62%

Cash On Cash

11.54%

Cap Rate

1.76

DSCR

$2,638

Rent

$621

Cashflow

Cash Flow

$2,638 income − $2,017 expenses = $621 cash flow

Income$2,638P&I$95536%Taxes$1124%Insurance$522%Mgmt$31712%CapEx$1064%Vacancy$793%Maint.$1064%Other$29011%Cash Flow$621

Investment Breakdown

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Purchase Price

$175k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$54,729

Downpayment

20%

$34,980

Closing costs

1%

$1,749

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$2,638

Total Expenses

$2,017

Mortgage P&I

36%

$955

Property Taxes

4%

$112

Home Insurance

2%

$52

HOA

0%

$0

Property Management

12%

$317

CapEx

4%

$106

Vacancy

3%

$79

Maintenance

4%

$106

Other

11%

$290

See Hobbs, NM mid-term rental market →

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