REI Lense

REI Lense

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$3,003 (target)

2705 Lerma Rd NE, Rio Rancho, NM 87144

3 beds • 3 baths • 2982 sqft

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This property looks like a bad Long-Term investment with a projected -14.06% first-year return on $133k initial cash invested.

-14.06%

Cash On Cash

3.38%

Cap Rate

0.56

DSCR

$3,003

Rent

-$1,562

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,003 income − $4,565 expenses = $1,562 out of pocket

Income$3,003Out of Pocket$1,562Mortgage P&I$3,202107%Property Taxes$36112%Insurance$2227%Management$30010%CapEx$1505%Vacancy$1806%Maintenance$1505%

Investment Breakdown

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Purchase Price

$635k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$133k

Downpayment

20%

$127k

Closing costs

1%

$6,349

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,003

Total Expenses

$4,565

Mortgage P&I

107%

$3,202

Property Taxes

12%

$361

Home Insurance

7%

$222

HOA

0%

$0

Property Management

10%

$300

CapEx

5%

$150

Vacancy

6%

$180

Maintenance

5%

$150

Other

0%

$0

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