REI Lense

REI Lense

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$2,227 (target)

2101 Sorrento Pl, Las Cruces, NM 88005

3 beds • 2 baths • 2439 sqft

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This property looks like a bad Long-Term investment with a projected -16.52% first-year return on $115k initial cash invested.

-16.52%

Cash On Cash

2.85%

Cap Rate

0.47

DSCR

$2,227

Rent

-$1,587

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,227 income − $3,814 expenses = $1,587 out of pocket

Income$2,227Out of Pocket$1,587Mortgage P&I$2,781125%Property Taxes$26212%Insurance$1929%Management$22310%CapEx$1115%Vacancy$1346%Maintenance$1115%

Investment Breakdown

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Purchase Price

$549k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$115k

Downpayment

20%

$110k

Closing costs

1%

$5,490

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,227

Total Expenses

$3,814

Mortgage P&I

125%

$2,781

Property Taxes

12%

$262

Home Insurance

9%

$192

HOA

0%

$0

Property Management

10%

$223

CapEx

5%

$111

Vacancy

6%

$134

Maintenance

5%

$111

Other

0%

$0

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