REI Lense

REI Lense

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$2,235 (target)

3237 Oakmount Dr SE, Rio Rancho, NM 87124

3 beds • 2 baths • 1584 sqft

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This property looks like a bad Long-Term investment with a projected -8.74% first-year return on $72,072 initial cash invested.

-8.74%

Cash On Cash

4.52%

Cap Rate

0.76

DSCR

$2,235

Rent

-$525

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,235 income − $2,760 expenses = $525 out of pocket

Income$2,235Out of Pocket$525Mortgage P&I$1,70776%Property Taxes$28813%Insurance$1225%HOA$613%Management$22410%CapEx$1125%Vacancy$1346%Maintenance$1125%

Investment Breakdown

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Purchase Price

$343k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,072

Downpayment

20%

$68,640

Closing costs

1%

$3,432

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,235

Total Expenses

$2,760

Mortgage P&I

76%

$1,707

Property Taxes

13%

$288

Home Insurance

5%

$122

HOA

3%

$61

Property Management

10%

$224

CapEx

5%

$112

Vacancy

6%

$134

Maintenance

5%

$112

Other

0%

$0

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