REI Lense

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$2,517 (target)

4693 Del Norte Ct, Las Cruces, NM 88007

3 beds • 2 baths • 1506 sqft

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This property looks like a bad Mid-Term investment with a projected -2.55% first-year return on $84,150 initial cash invested.

-2.55%

Cash On Cash

5.85%

Cap Rate

0.95

DSCR

$2,517

Rent

-$179

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,517 income − $2,696 expenses = $179 out of pocket

Income$2,517Out of Pocket$179Mortgage P&I$1,61364%Property Taxes$1165%Insurance$1104%Management$30212%CapEx$1014%Vacancy$763%Maintenance$1014%Other$27711%

Investment Breakdown

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Purchase Price

$315k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$84,150

Downpayment

20%

$63,000

Closing costs

1%

$3,150

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,517

Total Expenses

$2,696

Mortgage P&I

64%

$1,613

Property Taxes

5%

$116

Home Insurance

4%

$110

HOA

0%

$0

Property Management

12%

$302

CapEx

4%

$101

Vacancy

3%

$76

Maintenance

4%

$101

Other

11%

$277

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