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613 N Colorado Street, Cortez, CO 81321

3 beds • 2 baths • 1192 sqft

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This property looks like a bad Airbnb investment with a projected -2.01% first-year return on $87,006 initial cash invested.

-2.01%

Cash On Cash

5.89%

Cap Rate

0.99

DSCR

$3,245

Rent

-$146

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,245 income − $3,391 expenses = $146 out of pocket

Income$3,245Out of Pocket$146Mortgage P&I$1,62850%Property Taxes$883%Insurance$1174%Management$48715%CapEx$1304%Maintenance$1304%Other$81125%

Investment Breakdown

|

Purchase Price

$329k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$87,006

Downpayment

20%

$65,720

Closing costs

1%

$3,286

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,245

Total Expenses

$3,391

Mortgage P&I

50%

$1,628

Property Taxes

3%

$88

Home Insurance

4%

$117

HOA

0%

$0

Property Management

15%

$487

CapEx

4%

$130

Vacancy

0%

$0

Maintenance

4%

$130

Other

25%

$811

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