REI Lense

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$3,287 (target)

1308 Skyline Dr, Erie, CO 80516

3 beds • 3 baths • 4857 sqft

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This property looks like a bad Long-Term investment with a projected -21.56% first-year return on $204k initial cash invested.

-21.56%

Cash On Cash

1.5%

Cap Rate

0.26

DSCR

$3,287

Rent

-$3,664

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,287 income − $6,951 expenses = $3,664 out of pocket

Income$3,287Out of Pocket$3,664Mortgage P&I$4,716143%Property Taxes$69021%Insurance$34811%HOA$34310%Management$32910%CapEx$1645%Vacancy$1976%Maintenance$1645%

Investment Breakdown

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Purchase Price

$971k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$204k

Downpayment

20%

$194k

Closing costs

1%

$9,713

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,287

Total Expenses

$6,951

Mortgage P&I

143%

$4,716

Property Taxes

21%

$690

Home Insurance

11%

$348

HOA

10%

$343

Property Management

10%

$329

CapEx

5%

$164

Vacancy

6%

$197

Maintenance

5%

$164

Other

0%

$0

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