REI Lense

REI Lense

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$1,161 (target)

2509 Wallace St, Clovis, NM 88101

3 beds • 2 baths • 1459 sqft

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This property looks like a bad Long-Term investment with a projected -8.15% first-year return on $35,490 initial cash invested.

-8.15%

Cash On Cash

5.25%

Cap Rate

0.8

DSCR

$1,161

Rent

-$241

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,161 income − $1,402 expenses = $241 out of pocket

Income$1,161Out of Pocket$241Mortgage P&I$92279%Property Taxes$11910%Insurance$595%Management$11610%CapEx$585%Vacancy$706%Maintenance$585%

Investment Breakdown

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Purchase Price

$169k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$35,490

Downpayment

20%

$33,800

Closing costs

1%

$1,690

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,161

Total Expenses

$1,402

Mortgage P&I

79%

$922

Property Taxes

10%

$119

Home Insurance

5%

$59

HOA

0%

$0

Property Management

10%

$116

CapEx

5%

$58

Vacancy

6%

$70

Maintenance

5%

$58

Other

0%

$0

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