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3106 May Cir SE, Rio Rancho, NM 87124

3 beds • 3 baths • 2399 sqft

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This property looks like a bad Airbnb investment with a projected -9.7% first-year return on $117k initial cash invested.

-9.7%

Cash On Cash

3.93%

Cap Rate

0.66

DSCR

$3,422

Rent

-$943

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$470k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$117k

Downpayment

20%

$93,980

Closing costs

1%

$4,699

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,422

Total Expenses

$4,365

Mortgage P&I

69%

$2,345

Property Taxes

6%

$213

Home Insurance

5%

$164

HOA

0%

$0

Property Management

15%

$513

CapEx

4%

$137

Vacancy

0%

$0

Maintenance

4%

$137

Other

25%

$856

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