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2173 Lema Rd SE, Rio Rancho, NM 87124

3 beds • 2 baths • 1698 sqft

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This property looks like a bad Long-Term investment with a projected -7.61% first-year return on $73,500 initial cash invested.

-7.61%

Cash On Cash

4.6%

Cap Rate

0.79

DSCR

$2,061

Rent

-$466

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$350k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,500

Downpayment

20%

$70,000

Closing costs

1%

$3,500

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,061

Total Expenses

$2,527

Mortgage P&I

83%

$1,705

Property Taxes

8%

$164

Home Insurance

6%

$122

HOA

0%

$0

Property Management

10%

$206

CapEx

5%

$103

Vacancy

6%

$124

Maintenance

5%

$103

Other

0%

$0

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