REI Lense

REI Lense

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$4,634 (target)

3058 Shannon Ln NE, Rio Rancho, NM 87144

3 beds • 3 baths • 2530 sqft

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This property might be a fair Mid-Term investment with a projected 6.69% first-year return on $93,621 initial cash invested.

6.69%

Cash On Cash

8.5%

Cap Rate

1.38

DSCR

$4,634

Rent

$522

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

$93,621

Downpayment

20%

$72,020

Closing costs

1%

$3,601

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,634

Total Expenses

$4,112

Mortgage P&I

40%

$1,845

Property Taxes

10%

$454

Home Insurance

4%

$164

HOA

2%

$74

Property Management

12%

$556

CapEx

4%

$185

Vacancy

3%

$139

Maintenance

4%

$185

Other

11%

$510

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