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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 -10.55% first-year return on $128k initial cash invested.

-10.55%

Cash On Cash

3.54%

Cap Rate

0.61

DSCR

$3,527

Rent

-$1,128

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,527 income − $4,655 expenses = $1,128 out of pocket

Income$3,527Out of Pocket$1,128Mortgage P&I$2,53772%Property Taxes$2417%Insurance$1845%Management$52915%CapEx$1414%Maintenance$1414%Other$88225%

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

$3,527

Total Expenses

$4,655

Mortgage P&I

72%

$2,537

Property Taxes

7%

$241

Home Insurance

5%

$184

HOA

0%

$0

Property Management

15%

$529

CapEx

4%

$141

Vacancy

0%

$0

Maintenance

4%

$141

Other

25%

$882

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