REI Lense

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$2,949 (target)

1593 Daily Drive, Erie, CO 80516

3 beds • 3 baths • 1568 sqft

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This property looks like a bad Long-Term investment with a projected -14.04% first-year return on $125k initial cash invested.

-14.04%

Cash On Cash

3.34%

Cap Rate

0.56

DSCR

$2,949

Rent

-$1,462

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,949 income − $4,411 expenses = $1,462 out of pocket

Income$2,949Out of Pocket$1,462Mortgage P&I$2,973101%Property Taxes$37113%Insurance$2017%HOA$1003%Management$29510%CapEx$1475%Vacancy$1776%Maintenance$1475%

Investment Breakdown

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Purchase Price

$595k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$125k

Downpayment

20%

$119k

Closing costs

1%

$5,950

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,949

Total Expenses

$4,411

Mortgage P&I

101%

$2,973

Property Taxes

13%

$371

Home Insurance

7%

$201

HOA

3%

$100

Property Management

10%

$295

CapEx

5%

$147

Vacancy

6%

$177

Maintenance

5%

$147

Other

0%

$0

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