REI Lense

REI Lense

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$3,820 (target)

1500 Tulip Rd SE, Rio Rancho, NM 87124

3 beds • 2 baths • 2273 sqft

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This property looks like a bad Mid-Term investment with a projected -3.35% first-year return on $116k initial cash invested.

-3.35%

Cash On Cash

5.71%

Cap Rate

0.93

DSCR

$3,820

Rent

-$323

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,820 income − $4,143 expenses = $323 out of pocket

Income$3,820Out of Pocket$323Mortgage P&I$2,38662%Property Taxes$2958%Insurance$1634%Management$45812%CapEx$1534%Vacancy$1153%Maintenance$1534%Other$42011%

Investment Breakdown

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Purchase Price

$466k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$116k

Downpayment

20%

$93,190

Closing costs

1%

$4,660

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,820

Total Expenses

$4,143

Mortgage P&I

62%

$2,386

Property Taxes

8%

$295

Home Insurance

4%

$163

HOA

0%

$0

Property Management

12%

$458

CapEx

4%

$153

Vacancy

3%

$115

Maintenance

4%

$153

Other

11%

$420

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