REI Lense

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$1,894 (target)

2007 N Mesa Verde Ave, Farmington, NM 87401

3 beds • 2 baths • 1773 sqft

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This property looks like a bad Long-Term investment with a projected -6.86% first-year return on $65,079 initial cash invested.

-6.86%

Cash On Cash

4.94%

Cap Rate

0.82

DSCR

$1,894

Rent

-$372

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,894 income − $2,266 expenses = $372 out of pocket

Income$1,894Out of Pocket$372Mortgage P&I$1,55482%Property Taxes$1116%Insurance$1086%Management$18910%CapEx$955%Vacancy$1146%Maintenance$955%

Investment Breakdown

|

Purchase Price

$310k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,079

Downpayment

20%

$61,980

Closing costs

1%

$3,099

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,894

Total Expenses

$2,266

Mortgage P&I

82%

$1,554

Property Taxes

6%

$111

Home Insurance

6%

$108

HOA

0%

$0

Property Management

10%

$189

CapEx

5%

$95

Vacancy

6%

$114

Maintenance

5%

$95

Other

0%

$0

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