REI Lense

REI Lense

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$1,884 (target)

715 Canyon Drive, Cortez, CO 81321

3 beds • 2 baths • 1262 sqft

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This property looks like a bad Long-Term investment with a projected -7.8% first-year return on $66,591 initial cash invested.

-7.8%

Cash On Cash

4.85%

Cap Rate

0.79

DSCR

$1,884

Rent

-$433

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,884 income − $2,317 expenses = $433 out of pocket

Income$1,884Out of Pocket$433Mortgage P&I$1,62086%Property Taxes$945%Insurance$1146%Management$18810%CapEx$945%Vacancy$1136%Maintenance$945%

Investment Breakdown

|

Purchase Price

$317k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,591

Downpayment

20%

$63,420

Closing costs

1%

$3,171

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,884

Total Expenses

$2,317

Mortgage P&I

86%

$1,620

Property Taxes

5%

$94

Home Insurance

6%

$114

HOA

0%

$0

Property Management

10%

$188

CapEx

5%

$94

Vacancy

6%

$113

Maintenance

5%

$94

Other

0%

$0

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