REI Lense

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$3,490 (target)

2901 Avenida Nevada NE, Albuquerque, NM 87110

3 beds • 2 baths • 1944 sqft

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This property might be a fair Mid-Term investment with a projected 2.28% first-year return on $91,500 initial cash invested.

2.28%

Cash On Cash

7.2%

Cap Rate

1.18

DSCR

$3,490

Rent

$174

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,490 income − $3,316 expenses = $174 cash flow

Income$3,490Mortgage P&I$1,78551%Property Taxes$2216%Insurance$1223%Management$41912%CapEx$1404%Vacancy$1053%Maintenance$1404%Other$38411%Cash Flow$174

Investment Breakdown

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Purchase Price

$350k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,500

Downpayment

20%

$70,000

Closing costs

1%

$3,500

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,490

Total Expenses

$3,316

Mortgage P&I

51%

$1,785

Property Taxes

6%

$221

Home Insurance

4%

$122

HOA

0%

$0

Property Management

12%

$419

CapEx

4%

$140

Vacancy

3%

$105

Maintenance

4%

$140

Other

11%

$384

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