REI Lense

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$2,827 (target)

1847 Mountain View Drive, Erie, CO 80516

3 beds • 2 baths • 1764 sqft

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This property looks like a bad Long-Term investment with a projected -20.04% first-year return on $179k initial cash invested.

-20.04%

Cash On Cash

2.23%

Cap Rate

0.36

DSCR

$2,827

Rent

-$2,981

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,827 income − $5,808 expenses = $2,981 out of pocket

Income$2,827Out of Pocket$2,981Mortgage P&I$4,420156%Property Taxes$35513%Insurance$29811%Management$28310%CapEx$1415%Vacancy$1706%Maintenance$1415%

Investment Breakdown

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Purchase Price

$850k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$179k

Downpayment

20%

$170k

Closing costs

1%

$8,500

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,827

Total Expenses

$5,808

Mortgage P&I

156%

$4,420

Property Taxes

13%

$355

Home Insurance

11%

$298

HOA

0%

$0

Property Management

10%

$283

CapEx

5%

$141

Vacancy

6%

$170

Maintenance

5%

$141

Other

0%

$0

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