REI Lense

REI Lense

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$3,702 (target)

416 7th St NE, Rio Rancho, NM 87124

3 beds • 2 baths • 2193 sqft

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This property looks like a bad Mid-Term investment with a projected -7.29% first-year return on $121k initial cash invested.

-7.29%

Cash On Cash

5.23%

Cap Rate

0.78

DSCR

$3,702

Rent

-$734

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,702 income − $4,436 expenses = $734 out of pocket

Income$3,702Out of Pocket$734Mortgage P&I$2,71973%Property Taxes$2848%Insurance$1755%Management$44412%CapEx$1484%Vacancy$1113%Maintenance$1484%Other$40711%

Investment Breakdown

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Purchase Price

$490k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$121k

Downpayment

20%

$97,940

Closing costs

1%

$4,897

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,702

Total Expenses

$4,436

Mortgage P&I

73%

$2,719

Property Taxes

8%

$284

Home Insurance

5%

$175

HOA

0%

$0

Property Management

12%

$444

CapEx

4%

$148

Vacancy

3%

$111

Maintenance

4%

$148

Other

11%

$407

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