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31 Second Mesa Dr, Placitas, NM 87043

3 beds • 2 baths • 2175 sqft

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This property looks like a bad Airbnb investment with a projected -17.98% first-year return on $166k initial cash invested.

-17.98%

Cash On Cash

1.88%

Cap Rate

0.32

DSCR

$2,947

Rent

-$2,481

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,947 income − $5,428 expenses = $2,481 out of pocket

Income$2,947Out of Pocket$2,481Mortgage P&I$3,466118%Property Taxes$2769%Insurance$2549%HOA$171%Management$44215%CapEx$1184%Maintenance$1184%Other$73725%

Investment Breakdown

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Purchase Price

$703k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$166k

Downpayment

20%

$141k

Closing costs

1%

$7,030

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$2,947

Total Expenses

$5,428

Mortgage P&I

118%

$3,466

Property Taxes

9%

$276

Home Insurance

9%

$254

HOA

1%

$17

Property Management

15%

$442

CapEx

4%

$118

Vacancy

0%

$0

Maintenance

4%

$118

Other

25%

$737

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