REI Lense

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$3,522 (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 Mid-Term investment with a projected -3.02% first-year return on $108k initial cash invested.

-3.02%

Cash On Cash

5.8%

Cap Rate

0.94

DSCR

$3,522

Rent

-$273

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,522 income − $3,795 expenses = $273 out of pocket

Income$3,522Out of Pocket$273Mortgage P&I$2,20963%Property Taxes$2256%Insurance$1504%HOA$13Management$42312%CapEx$1414%Vacancy$1063%Maintenance$1414%Other$38711%

Investment Breakdown

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Purchase Price

$430k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$108k

Downpayment

20%

$86,000

Closing costs

1%

$4,300

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,522

Total Expenses

$3,795

Mortgage P&I

63%

$2,209

Property Taxes

6%

$225

Home Insurance

4%

$150

HOA

0%

$13

Property Management

12%

$423

CapEx

4%

$141

Vacancy

3%

$106

Maintenance

4%

$141

Other

11%

$387

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