REI Lense

REI Lense

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$2,591 (target)

17970 Road S8, Cortez, CO 81321

3 beds • 2 baths • 1634 sqft

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This property looks like a bad Long-Term investment with a projected -8.88% first-year return on $104k initial cash invested.

-8.88%

Cash On Cash

4.36%

Cap Rate

0.74

DSCR

$2,591

Rent

-$770

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,591 income − $3,361 expenses = $770 out of pocket

Income$2,591Out of Pocket$770Mortgage P&I$2,44194%Property Taxes$733%Insurance$1737%Management$25910%CapEx$1305%Vacancy$1556%Maintenance$1305%

Investment Breakdown

|

Purchase Price

$496k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$104k

Downpayment

20%

$99,100

Closing costs

1%

$4,955

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,591

Total Expenses

$3,361

Mortgage P&I

94%

$2,441

Property Taxes

3%

$73

Home Insurance

7%

$173

HOA

0%

$0

Property Management

10%

$259

CapEx

5%

$130

Vacancy

6%

$155

Maintenance

5%

$130

Other

0%

$0

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