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3002 Gay Cir SE, Rio Rancho, NM 87124

3 beds • 2 baths • 1930 sqft

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This property looks like a bad Airbnb investment with a projected -2.32% first-year return on $91,500 initial cash invested.

-2.32%

Cash On Cash

5.99%

Cap Rate

0.98

DSCR

$3,639

Rent

-$177

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,639 income − $3,816 expenses = $177 out of pocket

Income$3,639Out of Pocket$177Mortgage P&I$1,77749%Property Taxes$1695%Insurance$1223%Management$54615%CapEx$1464%Maintenance$1464%Other$91025%

Investment Breakdown

|

Purchase Price

$350k

Downpayment

20.0%

Interest Rate

6.5%

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

$3,639

Total Expenses

$3,816

Mortgage P&I

49%

$1,777

Property Taxes

5%

$169

Home Insurance

3%

$122

HOA

0%

$0

Property Management

15%

$546

CapEx

4%

$146

Vacancy

0%

$0

Maintenance

4%

$146

Other

25%

$910

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