REI Lense

REI Lense

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$2,568 (target)

6515 High Ridge Pl NE, Albuquerque, NM 87111

3 beds • 2 baths • 2000 sqft

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This property looks like a bad Long-Term investment with a projected -18.81% first-year return on $131k initial cash invested.

-18.81%

Cash On Cash

2.27%

Cap Rate

0.38

DSCR

$2,568

Rent

-$2,057

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,568 income − $4,625 expenses = $2,057 out of pocket

Income$2,568Out of Pocket$2,057Mortgage P&I$3,112121%Property Taxes$53721%Insurance$2199%HOA$904%Management$25710%CapEx$1285%Vacancy$1546%Maintenance$1285%

Investment Breakdown

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Purchase Price

$625k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$131k

Downpayment

20%

$125k

Closing costs

1%

$6,250

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,568

Total Expenses

$4,625

Mortgage P&I

121%

$3,112

Property Taxes

21%

$537

Home Insurance

9%

$219

HOA

4%

$90

Property Management

10%

$257

CapEx

5%

$128

Vacancy

6%

$154

Maintenance

5%

$128

Other

0%

$0

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