REI Lense

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$3,795 (target)

5716 Rio Mimbres Rd NE, Rio Rancho, NM 87144

3 beds • 2 baths • 2002 sqft

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This property looks like a bad Mid-Term investment with a projected -3.46% first-year return on $120k initial cash invested.

-3.46%

Cash On Cash

5.6%

Cap Rate

0.92

DSCR

$3,795

Rent

-$346

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,795 income − $4,141 expenses = $346 out of pocket

Income$3,795Out of Pocket$346Mortgage P&I$2,45965%Property Taxes$2226%Insurance$1704%Management$45512%CapEx$1524%Vacancy$1143%Maintenance$1524%Other$41711%

Investment Breakdown

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Purchase Price

$485k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$120k

Downpayment

20%

$97,000

Closing costs

1%

$4,850

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,795

Total Expenses

$4,141

Mortgage P&I

65%

$2,459

Property Taxes

6%

$222

Home Insurance

4%

$170

HOA

0%

$0

Property Management

12%

$455

CapEx

4%

$152

Vacancy

3%

$114

Maintenance

4%

$152

Other

11%

$417

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