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$3,405 (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 Mid-Term investment with a projected -4.33% first-year return on $93,705 initial cash invested.

-4.33%

Cash On Cash

5.34%

Cap Rate

0.89

DSCR

$3,405

Rent

-$338

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,405 income − $3,743 expenses = $338 out of pocket

Income$3,405Out of Pocket$338Mortgage P&I$1,80753%Property Taxes$32410%Insurance$1304%HOA$32410%Management$40912%CapEx$1364%Vacancy$1023%Maintenance$1364%Other$37511%

Investment Breakdown

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Purchase Price

$361k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$93,705

Downpayment

20%

$72,100

Closing costs

1%

$3,605

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,405

Total Expenses

$3,743

Mortgage P&I

53%

$1,807

Property Taxes

10%

$324

Home Insurance

4%

$130

HOA

10%

$324

Property Management

12%

$409

CapEx

4%

$136

Vacancy

3%

$102

Maintenance

4%

$136

Other

11%

$375

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