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$2,823 (target)

16388 Road 21.4, Cortez, CO 81321

3 beds • 4 baths • 2062 sqft

$1,121,500

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This property looks like a bad Long-Term investment with a projected -21.55% first-year return on $236k initial cash invested.

-21.55%

Cash On Cash

1.72%

Cap Rate

0.28

DSCR

$2,823

Rent

-$4,230

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,823 income − $7,053 expenses = $4,230 out of pocket

Income$2,823Out of Pocket$4,230Mortgage P&I$5,695202%Property Taxes$2097%Insurance$41615%Management$28210%CapEx$1415%Vacancy$1696%Maintenance$1415%

Investment Breakdown

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Purchase Price

$1122k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$236k

Downpayment

20%

$224k

Closing costs

1%

$11,215

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,823

Total Expenses

$7,053

Mortgage P&I

202%

$5,695

Property Taxes

7%

$209

Home Insurance

15%

$416

HOA

0%

$0

Property Management

10%

$282

CapEx

5%

$141

Vacancy

6%

$169

Maintenance

5%

$141

Other

0%

$0

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