REI Lense

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$2,564 (target)

2708 Zia Ct, Farmington, NM 87401

3 beds • 2 baths • 1570 sqft

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This property looks like a bad Mid-Term investment with a projected -4.05% first-year return on $93,579 initial cash invested.

-4.05%

Cash On Cash

5.36%

Cap Rate

0.88

DSCR

$2,564

Rent

-$316

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,564 income − $2,880 expenses = $316 out of pocket

Income$2,564Out of Pocket$316Mortgage P&I$1,82271%Property Taxes$592%Insurance$1265%Management$30812%CapEx$1034%Vacancy$773%Maintenance$1034%Other$28211%

Investment Breakdown

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Purchase Price

$360k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$93,579

Downpayment

20%

$71,980

Closing costs

1%

$3,599

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,564

Total Expenses

$2,880

Mortgage P&I

71%

$1,822

Property Taxes

2%

$59

Home Insurance

5%

$126

HOA

0%

$0

Property Management

12%

$308

CapEx

4%

$103

Vacancy

3%

$77

Maintenance

4%

$103

Other

11%

$282

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