REI Lense

REI Lense

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$1,567 (target)

3205 Ross St, Clovis, NM 88101

3 beds • 2 baths • 1400 sqft

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This property might be a fair Long-Term investment with a projected 9.81% first-year return on $29,106 initial cash invested.

9.81%

Cash On Cash

9.2%

Cap Rate

1.42

DSCR

$1,567

Rent

$238

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,567 income − $1,329 expenses = $238 cash flow

Income$1,567Mortgage P&I$74748%Property Taxes$1258%Insurance$503%Management$15710%CapEx$785%Vacancy$946%Maintenance$785%Cash Flow$238

Investment Breakdown

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Purchase Price

$139k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$29,106

Downpayment

20%

$27,720

Closing costs

1%

$1,386

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,567

Total Expenses

$1,329

Mortgage P&I

48%

$747

Property Taxes

8%

$125

Home Insurance

3%

$50

HOA

0%

$0

Property Management

10%

$157

CapEx

5%

$78

Vacancy

6%

$94

Maintenance

5%

$78

Other

0%

$0

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