REI Lense

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2055 Meteor Dr, Las Cruces, NM 88012

3 beds • 2 baths • 1324 sqft

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This property looks like a bad Airbnb investment with a projected -8.82% first-year return on $87,626 initial cash invested.

-8.82%

Cash On Cash

4.03%

Cap Rate

0.67

DSCR

$2,506

Rent

-$644

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$332k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$87,626

Downpayment

20%

$66,310

Closing costs

1%

$3,316

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,506

Total Expenses

$3,150

Mortgage P&I

66%

$1,658

Property Taxes

7%

$174

Home Insurance

5%

$116

HOA

0%

$0

Property Management

15%

$376

CapEx

4%

$100

Vacancy

0%

$0

Maintenance

4%

$100

Other

25%

$626

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