REI Lense

REI Lense

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$1,726 (target)

2902 La Palma Pl, Farmington, NM 87401

3 beds • 2 baths • 1518 sqft

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This property looks like a bad Long-Term investment with a projected -8.08% first-year return on $59,850 initial cash invested.

-8.08%

Cash On Cash

4.79%

Cap Rate

0.78

DSCR

$1,726

Rent

-$403

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,726 income − $2,129 expenses = $403 out of pocket

Income$1,726Out of Pocket$403Mortgage P&I$1,45584%Property Taxes$1257%Insurance$1006%Management$17310%CapEx$865%Vacancy$1046%Maintenance$865%

Investment Breakdown

|

Purchase Price

$285k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,850

Downpayment

20%

$57,000

Closing costs

1%

$2,850

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,726

Total Expenses

$2,129

Mortgage P&I

84%

$1,455

Property Taxes

7%

$125

Home Insurance

6%

$100

HOA

0%

$0

Property Management

10%

$173

CapEx

5%

$86

Vacancy

6%

$104

Maintenance

5%

$86

Other

0%

$0

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