REI Lense

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$2,270 (target)

3081 La Mirage Ct SE, Rio Rancho, NM 87124

3 beds • 3 baths • 1879 sqft

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This property looks like a bad Long-Term investment with a projected -14.36% first-year return on $75,705 initial cash invested.

-14.36%

Cash On Cash

3.38%

Cap Rate

0.56

DSCR

$2,270

Rent

-$906

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,270 income − $3,176 expenses = $906 out of pocket

Income$2,270Out of Pocket$906Mortgage P&I$1,80780%Property Taxes$32414%Insurance$1306%HOA$32414%Management$22710%CapEx$1145%Vacancy$1366%Maintenance$1145%

Investment Breakdown

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Purchase Price

$361k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,705

Downpayment

20%

$72,100

Closing costs

1%

$3,605

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,270

Total Expenses

$3,176

Mortgage P&I

80%

$1,807

Property Taxes

14%

$324

Home Insurance

6%

$130

HOA

14%

$324

Property Management

10%

$227

CapEx

5%

$114

Vacancy

6%

$136

Maintenance

5%

$114

Other

0%

$0

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