REI Lense

REI Lense

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$2,289 (target)

2104 Iris St, Carlsbad, NM 88220

3 beds • 2 baths • 1222 sqft

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This property looks like a bad Long-Term investment with a projected -3.68% first-year return on $64,239 initial cash invested.

-3.68%

Cash On Cash

5.82%

Cap Rate

0.95

DSCR

$2,289

Rent

-$197

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,289 income − $2,486 expenses = $197 out of pocket

Income$2,289Out of Pocket$197Mortgage P&I$1,56768%Property Taxes$2159%Insurance$1105%Management$22910%CapEx$1145%Vacancy$1376%Maintenance$1145%

Investment Breakdown

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Purchase Price

$306k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,239

Downpayment

20%

$61,180

Closing costs

1%

$3,059

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,289

Total Expenses

$2,486

Mortgage P&I

68%

$1,567

Property Taxes

9%

$215

Home Insurance

5%

$110

HOA

0%

$0

Property Management

10%

$229

CapEx

5%

$114

Vacancy

6%

$137

Maintenance

5%

$114

Other

0%

$0

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