REI Lense

REI Lense

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$1,994 (target)

6991 Clark Hills Dr NE, Rio Rancho, NM 87144

3 beds • 2 baths • 1281 sqft

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This property could be a profitable Long-Term investment with a projected 10.35% first-year return on $36,750 initial cash invested.

10.35%

Cash On Cash

9.57%

Cap Rate

1.43

DSCR

$1,994

Rent

$317

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,994 income − $1,677 expenses = $317 cash flow

Income$1,994Mortgage P&I$97949%Property Taxes$1186%Insurance$613%Management$19910%CapEx$1005%Vacancy$1206%Maintenance$1005%Cash Flow$317

Investment Breakdown

|

Purchase Price

$175k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$36,750

Downpayment

20%

$35,000

Closing costs

1%

$1,750

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,994

Total Expenses

$1,677

Mortgage P&I

49%

$979

Property Taxes

6%

$118

Home Insurance

3%

$61

HOA

0%

$0

Property Management

10%

$199

CapEx

5%

$100

Vacancy

6%

$120

Maintenance

5%

$100

Other

0%

$0

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