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216 Prestige Way NE, Rio Rancho, NM 87124

3 beds • 2 baths • 1673 sqft

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This property looks like a bad Airbnb investment with a projected -11.8% first-year return on $89,295 initial cash invested.

-11.8%

Cash On Cash

3.41%

Cap Rate

0.55

DSCR

$2,438

Rent

-$878

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,438 income − $3,316 expenses = $878 out of pocket

Income$2,438Out of Pocket$878Mortgage P&I$1,74672%Property Taxes$27611%Insurance$1225%Management$36615%CapEx$984%Maintenance$984%Other$61025%

Investment Breakdown

|

Purchase Price

$340k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,295

Downpayment

20%

$67,900

Closing costs

1%

$3,395

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,438

Total Expenses

$3,316

Mortgage P&I

72%

$1,746

Property Taxes

11%

$276

Home Insurance

5%

$122

HOA

0%

$0

Property Management

15%

$366

CapEx

4%

$98

Vacancy

0%

$0

Maintenance

4%

$98

Other

25%

$610

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