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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 -2.8% first-year return on $75,729 initial cash invested.

-2.8%

Cash On Cash

5.78%

Cap Rate

0.95

DSCR

$2,718

Rent

-$177

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,718 income − $2,895 expenses = $177 out of pocket

Income$2,718Out of Pocket$177Mortgage P&I$1,39351%Property Taxes$1004%Insurance$964%Management$40815%CapEx$1094%Maintenance$1094%Other$68025%

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

$2,718

Total Expenses

$2,895

Mortgage P&I

51%

$1,393

Property Taxes

4%

$100

Home Insurance

4%

$96

HOA

0%

$0

Property Management

15%

$408

CapEx

4%

$109

Vacancy

0%

$0

Maintenance

4%

$109

Other

25%

$680

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