REI Lense

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$2,199 (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 Mid-Term investment with a projected -1.89% first-year return on $66,825 initial cash invested.

-1.89%

Cash On Cash

6.73%

Cap Rate

0.99

DSCR

$2,199

Rent

-$105

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,199 income − $2,304 expenses = $105 out of pocket

Income$2,199Out of Pocket$105Mortgage P&I$1,32160%Property Taxes$1517%Insurance$844%Management$26412%CapEx$884%Vacancy$663%Maintenance$884%Other$24211%

Investment Breakdown

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Purchase Price

$233k

Downpayment

20.0%

Interest Rate

7.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,825

Downpayment

20%

$46,500

Closing costs

1%

$2,325

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,199

Total Expenses

$2,304

Mortgage P&I

60%

$1,321

Property Taxes

7%

$151

Home Insurance

4%

$84

HOA

0%

$0

Property Management

12%

$264

CapEx

4%

$88

Vacancy

3%

$66

Maintenance

4%

$88

Other

11%

$242

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