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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 -6.97% first-year return on $89,295 initial cash invested.

-6.97%

Cash On Cash

4.78%

Cap Rate

0.77

DSCR

$3,125

Rent

-$519

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,125 income − $3,644 expenses = $519 out of pocket

Income$3,125Out of Pocket$519Mortgage P&I$1,74656%Property Taxes$2769%Insurance$1224%Management$46915%CapEx$1254%Maintenance$1254%Other$78125%

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

$3,125

Total Expenses

$3,644

Mortgage P&I

56%

$1,746

Property Taxes

9%

$276

Home Insurance

4%

$122

HOA

0%

$0

Property Management

15%

$469

CapEx

4%

$125

Vacancy

0%

$0

Maintenance

4%

$125

Other

25%

$781

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