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$2,589 (target)

2902 La Palma Pl, Farmington, NM 87401

3 beds • 2 baths • 1518 sqft

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This property might be a fair Mid-Term investment with a projected 0.42% first-year return on $77,850 initial cash invested.

0.42%

Cash On Cash

6.68%

Cap Rate

1.09

DSCR

$2,589

Rent

$27

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,589 income − $2,562 expenses = $27 cash flow

Income$2,589Mortgage P&I$1,45556%Property Taxes$1255%Insurance$1004%Management$31112%CapEx$1044%Vacancy$783%Maintenance$1044%Other$28511%Cash Flow$27

Investment Breakdown

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Purchase Price

$285k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,850

Downpayment

20%

$57,000

Closing costs

1%

$2,850

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,589

Total Expenses

$2,562

Mortgage P&I

56%

$1,455

Property Taxes

5%

$125

Home Insurance

4%

$100

HOA

0%

$0

Property Management

12%

$311

CapEx

4%

$104

Vacancy

3%

$78

Maintenance

4%

$104

Other

11%

$285

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