REI Lense

REI Lense

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$2,465 (target)

1449 Wilkes Way SE, Rio Rancho, NM 87124

3 beds • 3 baths • 2275 sqft

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This property looks like a bad Long-Term investment with a projected -10.89% first-year return on $96,390 initial cash invested.

-10.89%

Cash On Cash

4.19%

Cap Rate

0.68

DSCR

$2,465

Rent

-$875

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,465 income − $3,340 expenses = $875 out of pocket

Income$2,465Out of Pocket$875Mortgage P&I$2,35696%Property Taxes$1837%Insurance$1617%Management$24610%CapEx$1235%Vacancy$1486%Maintenance$1235%

Investment Breakdown

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Purchase Price

$459k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$96,390

Downpayment

20%

$91,800

Closing costs

1%

$4,590

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,465

Total Expenses

$3,340

Mortgage P&I

96%

$2,356

Property Taxes

7%

$183

Home Insurance

7%

$161

HOA

0%

$0

Property Management

10%

$246

CapEx

5%

$123

Vacancy

6%

$148

Maintenance

5%

$123

Other

0%

$0

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