REI Lense

REI Lense

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$2,238 (target)

2303 S Broadway, Cortez, CO 81321

3 beds • 2 baths • 1457 sqft

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This property looks like a bad Long-Term investment with a projected -9.89% first-year return on $90,678 initial cash invested.

-9.89%

Cash On Cash

4.2%

Cap Rate

0.7

DSCR

$2,238

Rent

-$747

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,238 income − $2,985 expenses = $747 out of pocket

Income$2,238Out of Pocket$747Mortgage P&I$2,14896%Property Taxes$974%Insurance$1587%Management$22410%CapEx$1125%Vacancy$1346%Maintenance$1125%

Investment Breakdown

|

Purchase Price

$432k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$90,678

Downpayment

20%

$86,360

Closing costs

1%

$4,318

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,238

Total Expenses

$2,985

Mortgage P&I

96%

$2,148

Property Taxes

4%

$97

Home Insurance

7%

$158

HOA

0%

$0

Property Management

10%

$224

CapEx

5%

$112

Vacancy

6%

$134

Maintenance

5%

$112

Other

0%

$0

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