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2324 Mead Lane, Montrose, CO 81401

3 beds • 2 baths • 1650 sqft

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This property looks like a bad Airbnb investment with a projected -10.02% first-year return on $120k initial cash invested.

-10.02%

Cash On Cash

3.66%

Cap Rate

0.63

DSCR

$3,248

Rent

-$999

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,248 income − $4,247 expenses = $999 out of pocket

Income$3,248Out of Pocket$999Mortgage P&I$2,34772%Property Taxes$1685%Insurance$1735%Management$48715%CapEx$1304%Maintenance$1304%Other$81225%

Investment Breakdown

|

Purchase Price

$484k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$120k

Downpayment

20%

$96,820

Closing costs

1%

$4,841

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,248

Total Expenses

$4,247

Mortgage P&I

72%

$2,347

Property Taxes

5%

$168

Home Insurance

5%

$173

HOA

0%

$0

Property Management

15%

$487

CapEx

4%

$130

Vacancy

0%

$0

Maintenance

4%

$130

Other

25%

$812

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