REI Lense

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$2,730 (target)

2204 S Richardson Ave, Roswell, NM 88203

3 beds • 2 baths • 1292 sqft

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This property might be a fair Mid-Term investment with a projected 9.95% first-year return on $59,790 initial cash invested.

9.95%

Cash On Cash

10.45%

Cap Rate

1.54

DSCR

$2,730

Rent

$496

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,730 income − $2,234 expenses = $496 cash flow

Income$2,730Mortgage P&I$1,12841%Property Taxes$1084%Insurance$703%Management$32812%CapEx$1094%Vacancy$823%Maintenance$1094%Other$30011%Cash Flow$496

Investment Breakdown

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Purchase Price

$199k

Downpayment

20.0%

Interest Rate

7.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,790

Downpayment

20%

$39,800

Closing costs

1%

$1,990

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,730

Total Expenses

$2,234

Mortgage P&I

41%

$1,128

Property Taxes

4%

$108

Home Insurance

3%

$70

HOA

0%

$0

Property Management

12%

$328

CapEx

4%

$109

Vacancy

3%

$82

Maintenance

4%

$109

Other

11%

$300

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