REI Lense

REI Lense

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$1,630 (target)

213 Wilmington Cir, Clovis, NM 88101

3 beds • 2 baths • 1684 sqft

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This property looks like a bad Long-Term investment with a projected -6.02% first-year return on $47,481 initial cash invested.

-6.02%

Cash On Cash

5.55%

Cap Rate

0.87

DSCR

$1,630

Rent

-$238

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,630 income − $1,868 expenses = $238 out of pocket

Income$1,630Out of Pocket$238Mortgage P&I$1,20274%Property Taxes$16110%Insurance$805%Management$16310%CapEx$825%Vacancy$986%Maintenance$825%

Investment Breakdown

|

Purchase Price

$226k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$47,481

Downpayment

20%

$45,220

Closing costs

1%

$2,261

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,630

Total Expenses

$1,868

Mortgage P&I

74%

$1,202

Property Taxes

10%

$161

Home Insurance

5%

$80

HOA

0%

$0

Property Management

10%

$163

CapEx

5%

$82

Vacancy

6%

$98

Maintenance

5%

$82

Other

0%

$0

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