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1013 Pinecliff Drive, Erie, CO 80516

3 beds • 2 baths • 2021 sqft

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This property looks like a bad Airbnb investment with a projected -21.67% first-year return on $187k initial cash invested.

-21.67%

Cash On Cash

1.04%

Cap Rate

0.18

DSCR

$3,060

Rent

-$3,378

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,060 income − $6,438 expenses = $3,378 out of pocket

Income$3,060Out of Pocket$3,378Mortgage P&I$3,956129%Property Taxes$63621%Insurance$2829%HOA$963%Management$45915%CapEx$1224%Maintenance$1224%Other$76525%

Investment Breakdown

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Purchase Price

$805k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$187k

Downpayment

20%

$161k

Closing costs

1%

$8,050

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$3,060

Total Expenses

$6,438

Mortgage P&I

129%

$3,956

Property Taxes

21%

$636

Home Insurance

9%

$282

HOA

3%

$96

Property Management

15%

$459

CapEx

4%

$122

Vacancy

0%

$0

Maintenance

4%

$122

Other

25%

$765

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