REI Lense

REI Lense

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$1,466 (target)

2400 S Solano Dr, Las Cruces, NM 88001

3 beds • 2 baths • 1508 sqft

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This property looks like a bad Long-Term investment with a projected -11.58% first-year return on $48,825 initial cash invested.

-11.58%

Cash On Cash

4.76%

Cap Rate

0.7

DSCR

$1,466

Rent

-$471

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,466 income − $1,937 expenses = $471 out of pocket

Income$1,466Out of Pocket$471Mortgage P&I$1,32190%Property Taxes$15110%Insurance$846%Management$14710%CapEx$735%Vacancy$886%Maintenance$735%

Investment Breakdown

|

Purchase Price

$233k

Downpayment

20.0%

Interest Rate

7.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$48,825

Downpayment

20%

$46,500

Closing costs

1%

$2,325

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,466

Total Expenses

$1,937

Mortgage P&I

90%

$1,321

Property Taxes

10%

$151

Home Insurance

6%

$84

HOA

0%

$0

Property Management

10%

$147

CapEx

5%

$73

Vacancy

6%

$88

Maintenance

5%

$73

Other

0%

$0

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