REI Lense

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$3,166 (target)

216 Prestige Way NE, Rio Rancho, NM 87124

3 beds • 2 baths • 1673 sqft

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This property looks like a bad Mid-Term investment with a projected -0.74% first-year return on $89,295 initial cash invested.

-0.74%

Cash On Cash

6.43%

Cap Rate

1.04

DSCR

$3,166

Rent

-$55

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,166 income − $3,221 expenses = $55 out of pocket

Income$3,166Out of Pocket$55Mortgage P&I$1,74655%Property Taxes$2769%Insurance$1224%Management$38012%CapEx$1274%Vacancy$953%Maintenance$1274%Other$34811%

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

$3,166

Total Expenses

$3,221

Mortgage P&I

55%

$1,746

Property Taxes

9%

$276

Home Insurance

4%

$122

HOA

0%

$0

Property Management

12%

$380

CapEx

4%

$127

Vacancy

3%

$95

Maintenance

4%

$127

Other

11%

$348

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