REI Lense

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$3,316 (target)

2903 N Lea Ave, Roswell, NM 88201

3 beds • 3 baths • 1942 sqft

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This property might be a fair Mid-Term investment with a projected 5.41% first-year return on $81,420 initial cash invested.

5.41%

Cash On Cash

7.97%

Cap Rate

1.33

DSCR

$3,316

Rent

$367

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,316 income − $2,949 expenses = $367 cash flow

Income$3,316Mortgage P&I$1,50645%Property Taxes$2096%Insurance$1063%Management$39812%CapEx$1334%Vacancy$993%Maintenance$1334%Other$36511%Cash Flow$367

Investment Breakdown

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Purchase Price

$302k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,420

Downpayment

20%

$60,400

Closing costs

1%

$3,020

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,316

Total Expenses

$2,949

Mortgage P&I

45%

$1,506

Property Taxes

6%

$209

Home Insurance

3%

$106

HOA

0%

$0

Property Management

12%

$398

CapEx

4%

$133

Vacancy

3%

$99

Maintenance

4%

$133

Other

11%

$365

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