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232 17th St SE, Rio Rancho, NM 87124

3 beds • 2 baths • 1586 sqft

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This property looks like a bad Airbnb investment with a projected -11.48% first-year return on $82,050 initial cash invested.

-11.48%

Cash On Cash

3.6%

Cap Rate

0.57

DSCR

$2,175

Rent

-$785

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,175 income − $2,960 expenses = $785 out of pocket

Income$2,175Out of Pocket$785Mortgage P&I$1,61274%Property Taxes$1979%Insurance$1075%Management$32615%CapEx$874%Maintenance$874%Other$54425%

Investment Breakdown

|

Purchase Price

$305k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$82,050

Downpayment

20%

$61,000

Closing costs

1%

$3,050

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,175

Total Expenses

$2,960

Mortgage P&I

74%

$1,612

Property Taxes

9%

$197

Home Insurance

5%

$107

HOA

0%

$0

Property Management

15%

$326

CapEx

4%

$87

Vacancy

0%

$0

Maintenance

4%

$87

Other

25%

$544

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