REI Lense

REI Lense

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$1,520 (target)

409 E 4th Street, Cortez, CO 81321

3 beds • 2 baths • 1410 sqft

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This property looks like a bad Long-Term investment with a projected -7.56% first-year return on $53,361 initial cash invested.

-7.56%

Cash On Cash

4.83%

Cap Rate

0.8

DSCR

$1,520

Rent

-$336

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,520 income − $1,856 expenses = $336 out of pocket

Income$1,520Out of Pocket$336Mortgage P&I$1,28284%Property Taxes$886%Insurance$916%Management$15210%CapEx$765%Vacancy$916%Maintenance$765%

Investment Breakdown

|

Purchase Price

$254k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$53,361

Downpayment

20%

$50,820

Closing costs

1%

$2,541

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,520

Total Expenses

$1,856

Mortgage P&I

84%

$1,282

Property Taxes

6%

$88

Home Insurance

6%

$91

HOA

0%

$0

Property Management

10%

$152

CapEx

5%

$76

Vacancy

6%

$91

Maintenance

5%

$76

Other

0%

$0

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