REI Lense

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$3,327 (target)

2462 Conchas Ln, Las Cruces, NM 88011

3 beds • 2 baths • 2039 sqft

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This property looks like a bad Mid-Term investment with a projected -2.96% first-year return on $101k initial cash invested.

-2.96%

Cash On Cash

5.81%

Cap Rate

0.94

DSCR

$3,327

Rent

-$249

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,327 income − $3,576 expenses = $249 out of pocket

Income$3,327Out of Pocket$249Mortgage P&I$2,02961%Property Taxes$2688%Insurance$1384%HOA$10Management$39912%CapEx$1334%Vacancy$1003%Maintenance$1334%Other$36611%

Investment Breakdown

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Purchase Price

$395k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$101k

Downpayment

20%

$79,000

Closing costs

1%

$3,950

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,327

Total Expenses

$3,576

Mortgage P&I

61%

$2,029

Property Taxes

8%

$268

Home Insurance

4%

$138

HOA

0%

$10

Property Management

12%

$399

CapEx

4%

$133

Vacancy

3%

$100

Maintenance

4%

$133

Other

11%

$366

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