REI Lense

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$1,709 (target)

2708 Zia Ct, Farmington, NM 87401

3 beds • 2 baths • 1570 sqft

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This property looks like a bad Long-Term investment with a projected -11.78% first-year return on $75,579 initial cash invested.

-11.78%

Cash On Cash

3.88%

Cap Rate

0.64

DSCR

$1,709

Rent

-$742

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,709 income − $2,451 expenses = $742 out of pocket

Income$1,709Out of Pocket$742Mortgage P&I$1,822107%Property Taxes$593%Insurance$1267%Management$17110%CapEx$855%Vacancy$1036%Maintenance$855%

Investment Breakdown

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Purchase Price

$360k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,579

Downpayment

20%

$71,980

Closing costs

1%

$3,599

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,709

Total Expenses

$2,451

Mortgage P&I

107%

$1,822

Property Taxes

3%

$59

Home Insurance

7%

$126

HOA

0%

$0

Property Management

10%

$171

CapEx

5%

$85

Vacancy

6%

$103

Maintenance

5%

$85

Other

0%

$0

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