REI Lense

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$3,033 (target)

1003 Alma Avenue, Cortez, CO 81321

3 beds • 2 baths • 1904 sqft

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This property looks like a bad Mid-Term investment with a projected -0.8% first-year return on $92,928 initial cash invested.

-0.8%

Cash On Cash

6.41%

Cap Rate

1.03

DSCR

$3,033

Rent

-$62

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,033 income − $3,095 expenses = $62 out of pocket

Income$3,033Out of Pocket$62Mortgage P&I$1,84761%Property Taxes$893%Insurance$1284%Management$36412%CapEx$1214%Vacancy$913%Maintenance$1214%Other$33411%

Investment Breakdown

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Purchase Price

$357k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$92,928

Downpayment

20%

$71,360

Closing costs

1%

$3,568

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,033

Total Expenses

$3,095

Mortgage P&I

61%

$1,847

Property Taxes

3%

$89

Home Insurance

4%

$128

HOA

0%

$0

Property Management

12%

$364

CapEx

4%

$121

Vacancy

3%

$91

Maintenance

4%

$121

Other

11%

$334

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