REI Lense

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$2,814 (target)

2901 Gidding St, Clovis, NM 88101

3 beds • 3 baths • 2735 sqft

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This property might be a fair Mid-Term investment with a projected 4.22% first-year return on $73,650 initial cash invested.

4.22%

Cash On Cash

7.65%

Cap Rate

1.28

DSCR

$2,814

Rent

$259

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,814 income − $2,555 expenses = $259 cash flow

Income$2,814Mortgage P&I$1,31847%Property Taxes$1867%Insurance$933%Management$33812%CapEx$1134%Vacancy$843%Maintenance$1134%Other$31011%Cash Flow$259

Investment Breakdown

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Purchase Price

$265k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,650

Downpayment

20%

$53,000

Closing costs

1%

$2,650

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,814

Total Expenses

$2,555

Mortgage P&I

47%

$1,318

Property Taxes

7%

$186

Home Insurance

3%

$93

HOA

0%

$0

Property Management

12%

$338

CapEx

4%

$113

Vacancy

3%

$84

Maintenance

4%

$113

Other

11%

$310

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