REI Lense

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731 Canyon Drive, Cortez, CO 81321

3 beds • 2 baths • 1392 sqft

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This property looks like a bad Airbnb investment with a projected -2.44% first-year return on $84,612 initial cash invested.

-2.44%

Cash On Cash

5.66%

Cap Rate

0.97

DSCR

$3,058

Rent

-$172

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,058 income − $3,230 expenses = $172 out of pocket

Income$3,058Out of Pocket$172Mortgage P&I$1,54651%Property Taxes$1033%Insurance$1144%Management$45915%CapEx$1224%Maintenance$1224%Other$76425%

Investment Breakdown

|

Purchase Price

$317k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$84,612

Downpayment

20%

$63,440

Closing costs

1%

$3,172

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,058

Total Expenses

$3,230

Mortgage P&I

51%

$1,546

Property Taxes

3%

$103

Home Insurance

4%

$114

HOA

0%

$0

Property Management

15%

$459

CapEx

4%

$122

Vacancy

0%

$0

Maintenance

4%

$122

Other

25%

$764

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