REI Lense

REI Lense

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$2,348 (target)

2403 Salinas Ave SE, Rio Rancho, NM 87124

3 beds • 2 baths • 2319 sqft

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This property looks like a bad Long-Term investment with a projected -11.42% first-year return on $90,300 initial cash invested.

-11.42%

Cash On Cash

4.09%

Cap Rate

0.66

DSCR

$2,348

Rent

-$859

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,348 income − $3,207 expenses = $859 out of pocket

Income$2,348Out of Pocket$859Mortgage P&I$2,20994%Property Taxes$22510%Insurance$1506%HOA$131%Management$23510%CapEx$1175%Vacancy$1416%Maintenance$1175%

Investment Breakdown

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Purchase Price

$430k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$90,300

Downpayment

20%

$86,000

Closing costs

1%

$4,300

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,348

Total Expenses

$3,207

Mortgage P&I

94%

$2,209

Property Taxes

10%

$225

Home Insurance

6%

$150

HOA

1%

$13

Property Management

10%

$235

CapEx

5%

$117

Vacancy

6%

$141

Maintenance

5%

$117

Other

0%

$0

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