REI Lense

REI Lense

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$3,089 (target)

3058 Shannon Ln NE, Rio Rancho, NM 87144

3 beds • 3 baths • 2530 sqft

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This property looks like a bad Long-Term investment with a projected -3.97% first-year return on $75,621 initial cash invested.

-3.97%

Cash On Cash

5.83%

Cap Rate

0.95

DSCR

$3,089

Rent

-$250

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$360k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,621

Downpayment

20%

$72,020

Closing costs

1%

$3,601

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,089

Total Expenses

$3,339

Mortgage P&I

60%

$1,845

Property Taxes

15%

$454

Home Insurance

5%

$164

HOA

2%

$74

Property Management

10%

$309

CapEx

5%

$154

Vacancy

6%

$185

Maintenance

5%

$154

Other

0%

$0

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