REI Lense

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$1,612 (target)

1508 Hickory St, Clovis, NM 88101

3 beds • 2 baths • 1770 sqft

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This property looks like a bad Long-Term investment with a projected -3.57% first-year return on $44,667 initial cash invested.

-3.57%

Cash On Cash

5.89%

Cap Rate

0.95

DSCR

$1,612

Rent

-$133

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,612 income − $1,745 expenses = $133 out of pocket

Income$1,612Out of Pocket$133Mortgage P&I$1,09668%Property Taxes$1539%Insurance$765%Management$16110%CapEx$815%Vacancy$976%Maintenance$815%

Investment Breakdown

|

Purchase Price

$213k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$44,667

Downpayment

20%

$42,540

Closing costs

1%

$2,127

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,612

Total Expenses

$1,745

Mortgage P&I

68%

$1,096

Property Taxes

9%

$153

Home Insurance

5%

$76

HOA

0%

$0

Property Management

10%

$161

CapEx

5%

$81

Vacancy

6%

$97

Maintenance

5%

$81

Other

0%

$0

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