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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 Long-Term investment with a projected -12.4% first-year return on $98,679 initial cash invested.

-12.4%

Cash On Cash

3.68%

Cap Rate

0.61

DSCR

$2,300

Rent

-$1,020

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

$98,679

Downpayment

20%

$93,980

Closing costs

1%

$4,699

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,300

Total Expenses

$3,320

Mortgage P&I

102%

$2,345

Property Taxes

9%

$213

Home Insurance

7%

$164

HOA

0%

$0

Property Management

10%

$230

CapEx

5%

$115

Vacancy

6%

$138

Maintenance

5%

$115

Other

0%

$0

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Comparable Property

Rent

Beds

Baths

SQFT

Distance

2421 Falesco Rd SE, Rio Rancho, NM 87124

$2,200

3

2.5

2332

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3093 La Mirage Ct SE, Rio Rancho, NM 87124

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3

2.5

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1 mi

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$2,500

3

2.5

2303

1 mi

1384 Peppoli Loop SE, Rio Rancho, NM 87124

$2,500

3

2.5

2262

0.8 mi

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$2,500

4

2

2380

1.3 mi

1255 S Forest Knoll St

$1,100

2

1

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

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