REI Lense

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$1,917 (target)

2612 Harvard Dr SE, Rio Rancho, NM 87124

3 beds • 3 baths • 1120 sqft

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This property looks like a bad Long-Term investment with a projected -7.28% first-year return on $60,795 initial cash invested.

-7.28%

Cash On Cash

5.42%

Cap Rate

0.83

DSCR

$1,917

Rent

-$369

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,917 income − $2,286 expenses = $369 out of pocket

Income$1,917Out of Pocket$369Mortgage P&I$1,58082%Property Taxes$1066%Insurance$1015%Management$19210%CapEx$965%Vacancy$1156%Maintenance$965%

Investment Breakdown

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Purchase Price

$290k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$60,795

Downpayment

20%

$57,900

Closing costs

1%

$2,895

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,917

Total Expenses

$2,286

Mortgage P&I

82%

$1,580

Property Taxes

6%

$106

Home Insurance

5%

$101

HOA

0%

$0

Property Management

10%

$192

CapEx

5%

$96

Vacancy

6%

$115

Maintenance

5%

$96

Other

0%

$0

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