REI Lense

REI Lense

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$2,025 (target)

745 Cherry Street, Cortez, CO 81321

3 beds • 2 baths • 1278 sqft

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This property looks like a bad Long-Term investment with a projected -10.17% first-year return on $81,690 initial cash invested.

-10.17%

Cash On Cash

4.24%

Cap Rate

0.7

DSCR

$2,025

Rent

-$692

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,025 income − $2,717 expenses = $692 out of pocket

Income$2,025Out of Pocket$692Mortgage P&I$1,96697%Property Taxes$894%Insurance$1367%Management$20210%CapEx$1015%Vacancy$1226%Maintenance$1015%

Investment Breakdown

|

Purchase Price

$389k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,690

Downpayment

20%

$77,800

Closing costs

1%

$3,890

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,025

Total Expenses

$2,717

Mortgage P&I

97%

$1,966

Property Taxes

4%

$89

Home Insurance

7%

$136

HOA

0%

$0

Property Management

10%

$202

CapEx

5%

$101

Vacancy

6%

$122

Maintenance

5%

$101

Other

0%

$0

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