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12990 Road 18, Cortez, CO 81321

3 beds • 4 baths • 3683 sqft

$1,200,000

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This property looks like a bad Airbnb investment with a projected -22.48% first-year return on $270k initial cash invested.

-22.48%

Cash On Cash

1.25%

Cap Rate

0.2

DSCR

$3,516

Rent

-$5,058

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,516 income − $8,574 expenses = $5,058 out of pocket

Income$3,516Out of Pocket$5,058Mortgage P&I$6,163175%Property Taxes$3039%Insurance$42012%Management$52715%CapEx$1414%Maintenance$1414%Other$87925%

Investment Breakdown

|

Purchase Price

$1200k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$270k

Downpayment

20%

$240k

Closing costs

1%

$12,000

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$3,516

Total Expenses

$8,574

Mortgage P&I

175%

$6,163

Property Taxes

9%

$303

Home Insurance

12%

$420

HOA

0%

$0

Property Management

15%

$527

CapEx

4%

$141

Vacancy

0%

$0

Maintenance

4%

$141

Other

25%

$879

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