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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 -22.79% first-year return on $270k initial cash invested.

-22.79%

Cash On Cash

1.17%

Cap Rate

0.19

DSCR

$3,380

Rent

-$5,128

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,380 income − $8,508 expenses = $5,128 out of pocket

Income$3,380Out of Pocket$5,128Mortgage P&I$6,163182%Property Taxes$3039%Insurance$42012%Management$50715%CapEx$1354%Maintenance$1354%Other$84525%

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

$3,380

Total Expenses

$8,508

Mortgage P&I

182%

$6,163

Property Taxes

9%

$303

Home Insurance

12%

$420

HOA

0%

$0

Property Management

15%

$507

CapEx

4%

$135

Vacancy

0%

$0

Maintenance

4%

$135

Other

25%

$845

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