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$2,703 (target)

2501 E 23rd St, Farmington, NM 87401

3 beds • 2 baths • 1372 sqft

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This property might be a fair Mid-Term investment with a projected 3.11% first-year return on $75,729 initial cash invested.

3.11%

Cash On Cash

7.41%

Cap Rate

1.22

DSCR

$2,703

Rent

$196

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,703 income − $2,507 expenses = $196 cash flow

Income$2,703Mortgage P&I$1,39352%Property Taxes$1004%Insurance$964%Management$32412%CapEx$1084%Vacancy$813%Maintenance$1084%Other$29711%Cash Flow$196

Investment Breakdown

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Purchase Price

$275k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,729

Downpayment

20%

$54,980

Closing costs

1%

$2,749

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,703

Total Expenses

$2,507

Mortgage P&I

52%

$1,393

Property Taxes

4%

$100

Home Insurance

4%

$96

HOA

0%

$0

Property Management

12%

$324

CapEx

4%

$108

Vacancy

3%

$81

Maintenance

4%

$108

Other

11%

$297

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