REI Lense

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$2,991 (target)

1516 Hickory Drive, Montrose, CO 81401

3 beds • 2 baths • 1537 sqft

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This property looks like a bad Mid-Term investment with a projected -7.73% first-year return on $118k initial cash invested.

-7.73%

Cash On Cash

4.33%

Cap Rate

0.73

DSCR

$2,991

Rent

-$759

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,991 income − $3,750 expenses = $759 out of pocket

Income$2,991Out of Pocket$759Mortgage P&I$2,35479%Property Taxes$1916%Insurance$1876%Management$35912%CapEx$1204%Vacancy$903%Maintenance$1204%Other$32911%

Investment Breakdown

|

Purchase Price

$475k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$118k

Downpayment

20%

$95,040

Closing costs

1%

$4,752

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,991

Total Expenses

$3,750

Mortgage P&I

79%

$2,354

Property Taxes

6%

$191

Home Insurance

6%

$187

HOA

0%

$0

Property Management

12%

$359

CapEx

4%

$120

Vacancy

3%

$90

Maintenance

4%

$120

Other

11%

$329

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