REI Lense

REI Lense

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$2,620 (target)

3018 Belmont Dr, Roswell, NM 88201

3 beds • 2 baths • 1678 sqft

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This property might be a fair Mid-Term investment with a projected 1.48% first-year return on $77,850 initial cash invested.

1.48%

Cash On Cash

6.82%

Cap Rate

1.14

DSCR

$2,620

Rent

$96

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$285k

Downpayment

20.0%

Interest Rate

6.3%

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

$2,620

Total Expenses

$2,524

Mortgage P&I

54%

$1,418

Property Taxes

4%

$115

Home Insurance

4%

$100

HOA

0%

$0

Property Management

12%

$314

CapEx

4%

$105

Vacancy

3%

$79

Maintenance

4%

$105

Other

11%

$288

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