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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 -0.77% first-year return on $87,006 initial cash invested.

-0.77%

Cash On Cash

6.24%

Cap Rate

1.05

DSCR

$3,419

Rent

-$56

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,419 income − $3,475 expenses = $56 out of pocket

Income$3,419Out of Pocket$56Mortgage P&I$1,62848%Property Taxes$883%Insurance$1173%Management$51315%CapEx$1374%Maintenance$1374%Other$85525%

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

$3,419

Total Expenses

$3,475

Mortgage P&I

48%

$1,628

Property Taxes

3%

$88

Home Insurance

3%

$117

HOA

0%

$0

Property Management

15%

$513

CapEx

4%

$137

Vacancy

0%

$0

Maintenance

4%

$137

Other

25%

$855

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