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2501 E 23rd St, Farmington, NM 87401

3 beds • 2 baths • 1372 sqft

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This property looks like a bad Airbnb investment with a projected -2.42% first-year return on $75,729 initial cash invested.

-2.42%

Cash On Cash

5.9%

Cap Rate

0.97

DSCR

$2,763

Rent

-$153

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,763 income − $2,916 expenses = $153 out of pocket

Income$2,763Out of Pocket$153Mortgage P&I$1,39350%Property Taxes$1004%Insurance$963%Management$41415%CapEx$1114%Maintenance$1114%Other$69125%

Investment Breakdown

|

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

$2,763

Total Expenses

$2,916

Mortgage P&I

50%

$1,393

Property Taxes

4%

$100

Home Insurance

3%

$96

HOA

0%

$0

Property Management

15%

$414

CapEx

4%

$111

Vacancy

0%

$0

Maintenance

4%

$111

Other

25%

$691

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