REI Lense

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$2,674 (target)

11217 Road 24 Road, Cortez, CO 81321

3 beds • 2 baths • 1628 sqft

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This property looks like a bad Mid-Term investment with a projected -10.61% first-year return on $122k initial cash invested.

-10.61%

Cash On Cash

3.86%

Cap Rate

0.62

DSCR

$2,674

Rent

-$1,078

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,674 income − $3,752 expenses = $1,078 out of pocket

Income$2,674Out of Pocket$1,078Mortgage P&I$2,56296%Property Taxes$1084%Insurance$1736%Management$32112%CapEx$1074%Vacancy$803%Maintenance$1074%Other$29411%

Investment Breakdown

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Purchase Price

$495k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$122k

Downpayment

20%

$99,000

Closing costs

1%

$4,950

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,674

Total Expenses

$3,752

Mortgage P&I

96%

$2,562

Property Taxes

4%

$108

Home Insurance

6%

$173

HOA

0%

$0

Property Management

12%

$321

CapEx

4%

$107

Vacancy

3%

$80

Maintenance

4%

$107

Other

11%

$294

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