REI Lense

REI Lense

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$2,313 (target)

624 Lois Lane, Cortez, CO 81321

3 beds • 2 baths • 1884 sqft

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This property looks like a bad Long-Term investment with a projected -14.59% first-year return on $115k initial cash invested.

-14.59%

Cash On Cash

3.26%

Cap Rate

0.54

DSCR

$2,313

Rent

-$1,395

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,313 income − $3,708 expenses = $1,395 out of pocket

Income$2,313Out of Pocket$1,395Mortgage P&I$2,761119%Property Taxes$1476%Insurance$1989%Management$23110%CapEx$1165%Vacancy$1396%Maintenance$1165%

Investment Breakdown

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Purchase Price

$546k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$115k

Downpayment

20%

$109k

Closing costs

1%

$5,463

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,313

Total Expenses

$3,708

Mortgage P&I

119%

$2,761

Property Taxes

6%

$147

Home Insurance

9%

$198

HOA

0%

$0

Property Management

10%

$231

CapEx

5%

$116

Vacancy

6%

$139

Maintenance

5%

$116

Other

0%

$0

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