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1501 Magpie Gulch Street, Montrose, CO 81401

3 beds • 2 baths • 1300 sqft

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This property looks like a bad Long-Term investment with a projected -11.47% first-year return on $87,990 initial cash invested.

-11.47%

Cash On Cash

3.67%

Cap Rate

0.63

DSCR

$1,990

Rent

-$841

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$419k

Downpayment

20.0%

Interest Rate

6.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$87,990

Downpayment

20%

$83,800

Closing costs

1%

$4,190

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,990

Total Expenses

$2,831

Mortgage P&I

102%

$2,021

Property Taxes

7%

$145

Home Insurance

7%

$147

HOA

0%

$0

Property Management

10%

$199

CapEx

5%

$100

Vacancy

6%

$119

Maintenance

5%

$100

Other

0%

$0

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Comparable Property

Rent

Beds

Baths

SQFT

Distance

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1.3 mi

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2

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0.9 mi

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$2,850

5

4

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0.6 mi

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2

1

2020

0.9 mi

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$2,850

5

4

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0.6 mi

1255 S Forest Knoll St

$1,100

2

1

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0.9 mi

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$2,850

5

4

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0.6 mi

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