REI Lense

REI Lense

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$1,783 (target)

11217 Road 24 Road, Cortez, CO 81321

3 beds • 2 baths • 1628 sqft

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This property looks like a bad Long-Term investment with a projected -17.58% first-year return on $104k initial cash invested.

-17.58%

Cash On Cash

2.73%

Cap Rate

0.44

DSCR

$1,783

Rent

-$1,523

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,783 income − $3,306 expenses = $1,523 out of pocket

Income$1,783Out of Pocket$1,523Mortgage P&I$2,562144%Property Taxes$1086%Insurance$17310%Management$17810%CapEx$895%Vacancy$1076%Maintenance$895%

Investment Breakdown

|

Purchase Price

$495k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$104k

Downpayment

20%

$99,000

Closing costs

1%

$4,950

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,783

Total Expenses

$3,306

Mortgage P&I

144%

$2,562

Property Taxes

6%

$108

Home Insurance

10%

$173

HOA

0%

$0

Property Management

10%

$178

CapEx

5%

$89

Vacancy

6%

$107

Maintenance

5%

$89

Other

0%

$0

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