REI Lense

REI Lense

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$3,489 (target)

3335 Santa Fe Ct, Farmington, NM 87401

3 beds • 3 baths • 2169 sqft

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This property looks like a bad Mid-Term investment with a projected -3.98% first-year return on $116k initial cash invested.

-3.98%

Cash On Cash

5.51%

Cap Rate

0.9

DSCR

$3,489

Rent

-$384

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,489 income − $3,873 expenses = $384 out of pocket

Income$3,489Out of Pocket$384Mortgage P&I$2,38168%Property Taxes$1414%Insurance$1635%Management$41912%CapEx$1404%Vacancy$1053%Maintenance$1404%Other$38411%

Investment Breakdown

|

Purchase Price

$465k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$116k

Downpayment

20%

$93,000

Closing costs

1%

$4,650

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,489

Total Expenses

$3,873

Mortgage P&I

68%

$2,381

Property Taxes

4%

$141

Home Insurance

5%

$163

HOA

0%

$0

Property Management

12%

$419

CapEx

4%

$140

Vacancy

3%

$105

Maintenance

4%

$140

Other

11%

$384

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