REI Lense

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$2,258 (target)

1704 Morse Ave, Clovis, NM 88101

3 beds • 2 baths • 1381 sqft

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This property might be a fair Mid-Term investment with a projected 1.21% first-year return on $64,641 initial cash invested.

1.21%

Cash On Cash

7.26%

Cap Rate

1.13

DSCR

$2,258

Rent

$65

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,258 income − $2,193 expenses = $65 cash flow

Income$2,258Mortgage P&I$1,18953%Property Taxes$1587%Insurance$793%Management$27112%CapEx$904%Vacancy$683%Maintenance$904%Other$24811%Cash Flow$65

Investment Breakdown

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Purchase Price

$222k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,641

Downpayment

20%

$44,420

Closing costs

1%

$2,221

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,258

Total Expenses

$2,193

Mortgage P&I

53%

$1,189

Property Taxes

7%

$158

Home Insurance

4%

$79

HOA

0%

$0

Property Management

12%

$271

CapEx

4%

$90

Vacancy

3%

$68

Maintenance

4%

$90

Other

11%

$248

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