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2 Road 1633, Farmington, NM 87401

3 beds • 3 baths • 2624 sqft

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This property looks like a bad Airbnb investment with a projected -9.56% first-year return on $128k initial cash invested.

-9.56%

Cash On Cash

3.8%

Cap Rate

0.66

DSCR

$3,730

Rent

-$1,022

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,730 income − $4,752 expenses = $1,022 out of pocket

Income$3,730Out of Pocket$1,022Mortgage P&I$2,53768%Property Taxes$2416%Insurance$1845%Management$56015%CapEx$1494%Maintenance$1494%Other$93225%

Investment Breakdown

|

Purchase Price

$525k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$128k

Downpayment

20%

$105k

Closing costs

1%

$5,250

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,730

Total Expenses

$4,752

Mortgage P&I

68%

$2,537

Property Taxes

6%

$241

Home Insurance

5%

$184

HOA

0%

$0

Property Management

15%

$560

CapEx

4%

$149

Vacancy

0%

$0

Maintenance

4%

$149

Other

25%

$932

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