REI Lense

REI Lense

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$3,452 (target)

2869 Chessman Dr SE, Rio Rancho, NM 87124

3 beds • 3 baths • 1994 sqft

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This property looks like a bad Mid-Term investment with a projected -2.92% first-year return on $106k initial cash invested.

-2.92%

Cash On Cash

5.62%

Cap Rate

0.94

DSCR

$3,452

Rent

-$257

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,452 income − $3,709 expenses = $257 out of pocket

Income$3,452Out of Pocket$257Mortgage P&I$2,07260%Property Taxes$3149%Insurance$1494%Management$41412%CapEx$1384%Vacancy$1043%Maintenance$1384%Other$38011%

Investment Breakdown

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Purchase Price

$417k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$106k

Downpayment

20%

$83,340

Closing costs

1%

$4,167

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,452

Total Expenses

$3,709

Mortgage P&I

60%

$2,072

Property Taxes

9%

$314

Home Insurance

4%

$149

HOA

0%

$0

Property Management

12%

$414

CapEx

4%

$138

Vacancy

3%

$104

Maintenance

4%

$138

Other

11%

$380

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