REI Lense

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$2,025 (target)

907 N Chestnut Street, Cortez, CO 81321

3 beds • 2 baths • 1484 sqft

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This property looks like a bad Long-Term investment with a projected -7.21% first-year return on $70,602 initial cash invested.

-7.21%

Cash On Cash

4.89%

Cap Rate

0.81

DSCR

$2,025

Rent

-$424

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,025 income − $2,449 expenses = $424 out of pocket

Income$2,025Out of Pocket$424Mortgage P&I$1,69284%Property Taxes$1105%Insurance$1216%Management$20210%CapEx$1015%Vacancy$1226%Maintenance$1015%

Investment Breakdown

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Purchase Price

$336k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,602

Downpayment

20%

$67,240

Closing costs

1%

$3,362

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,025

Total Expenses

$2,449

Mortgage P&I

84%

$1,692

Property Taxes

5%

$110

Home Insurance

6%

$121

HOA

0%

$0

Property Management

10%

$202

CapEx

5%

$101

Vacancy

6%

$122

Maintenance

5%

$101

Other

0%

$0

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