REI Lense

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$4,424 (target)

1593 Daily Drive, Erie, CO 80516

3 beds • 3 baths • 1568 sqft

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This property looks like a bad Mid-Term investment with a projected -6.09% first-year return on $143k initial cash invested.

-6.09%

Cash On Cash

4.89%

Cap Rate

0.82

DSCR

$4,424

Rent

-$726

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,424 income − $5,150 expenses = $726 out of pocket

Income$4,424Out of Pocket$726Mortgage P&I$2,97367%Property Taxes$3718%Insurance$2015%HOA$1002%Management$53112%CapEx$1774%Vacancy$1333%Maintenance$1774%Other$48711%

Investment Breakdown

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Purchase Price

$595k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$143k

Downpayment

20%

$119k

Closing costs

1%

$5,950

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,424

Total Expenses

$5,150

Mortgage P&I

67%

$2,973

Property Taxes

8%

$371

Home Insurance

5%

$201

HOA

2%

$100

Property Management

12%

$531

CapEx

4%

$177

Vacancy

3%

$133

Maintenance

4%

$177

Other

11%

$487

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