REI Lense

REI Lense

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$2,131 (target)

1122 Drake Circle, Colorado Springs, CO 80915

3 beds • 3 baths • 1623 sqft

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This property looks like a bad Long-Term investment with a projected -10.26% first-year return on $85,386 initial cash invested.

-10.26%

Cash On Cash

4.23%

Cap Rate

0.7

DSCR

$2,131

Rent

-$730

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,131 income − $2,861 expenses = $730 out of pocket

Income$2,131Out of Pocket$730Mortgage P&I$2,05596%Property Taxes$1085%Insurance$1437%Management$21310%CapEx$1075%Vacancy$1286%Maintenance$1075%

Investment Breakdown

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Purchase Price

$407k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,386

Downpayment

20%

$81,320

Closing costs

1%

$4,066

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,131

Total Expenses

$2,861

Mortgage P&I

96%

$2,055

Property Taxes

5%

$108

Home Insurance

7%

$143

HOA

0%

$0

Property Management

10%

$213

CapEx

5%

$107

Vacancy

6%

$128

Maintenance

5%

$107

Other

0%

$0

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