REI Lense

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$1,737 (target)

2422 Howard Cowper Dr, Clovis, NM 88101

3 beds • 2 baths • 1604 sqft

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This property looks like a bad Long-Term investment with a projected -7.75% first-year return on $56,385 initial cash invested.

-7.75%

Cash On Cash

4.84%

Cap Rate

0.8

DSCR

$1,737

Rent

-$364

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,737 income − $2,101 expenses = $364 out of pocket

Income$1,737Out of Pocket$364Mortgage P&I$1,36078%Property Taxes$19311%Insurance$966%Management$17410%CapEx$875%Vacancy$1046%Maintenance$875%

Investment Breakdown

|

Purchase Price

$269k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$56,385

Downpayment

20%

$53,700

Closing costs

1%

$2,685

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,737

Total Expenses

$2,101

Mortgage P&I

78%

$1,360

Property Taxes

11%

$193

Home Insurance

6%

$96

HOA

0%

$0

Property Management

10%

$174

CapEx

5%

$87

Vacancy

6%

$104

Maintenance

5%

$87

Other

0%

$0

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