$425,000
3645 Verde Dr. Lot 4
Colorado Springs CO, 80910
Financial Returns
FinancingCash Flow/mo: -$599
CashCash Flow/mo: $1,664
21.62%IRR
8.02%CAP Rate
8.14%Cash On Cash
Property Information
- Beds: 3
- Baths: 2.5
- Sq Feet: 1,524
- Year: 2023
- Monthly Rent: $2,500
- Property Taxes: $1,687
- Annual HOA: $0
Financial Projections
Debt (337k, 329k, 320k, 292k) Equity (121k, 128k, 137k, 166k) Appreciation (0k, 0k, 0k, 0k) Cash Positioning (-7k, -20k, -30k, -43k)
Financing Assumptions
| Loan Amount | $340,000 |
| Financed Rehab Amount | $0 |
| Interest Rate | 7% |
| Mortgage (yrs) | 30.0 |
| Mortgage Payment | $2,262 |
Initial Investment
| Down Payment (20%) | $85,000 |
| Rehab Amount | $0 |
| Est Closing Cost (6%) | $25,500 |
| Points (2%) | $6,800 |
| Total Out Of Pocket | $117,300 |
Property KPI Without Financing
| Annual Cash Flow | $19,962 |
| All In Cost | $457,300 |
| Cap Rate | 4.37% |
Property KPI With Financing
| Annual Cash Flow | -$7,182 |
| Total Out Of Pocket | $117,300 |
| Cash On Cash | -6.12% |
Swipe the table to see Year 1 to Year 10 →
| Annual Revenue Increase | 3% | 3% | 3% | 3% | |
| Annual Operating Expense Increase | 3% | 3% | 3% | 3% | |
| Annual Expense Ratio | 33.46% | 33.46% | 33.46% | 33.46% | |
| Monthly | Year 1 | Year 3 | Year 5 | Year 10 | |
|---|---|---|---|---|---|
| Revenues | |||||
| Potential Rental Income | $2,500 | $30,000 | $31,827 | $33,765 | $39,143 |
| Gross Rental Income | $2,500 | $30,000 | $31,827 | $33,765 | $39,143 |
| Expenses | |||||
| Estimated Annual Property Taxes | $141 | $1,687 | $1,789 | $1,898 | $2,201 |
| Estimated Annual Homeowners Insurance | $266 | $3,188 | $3,382 | $3,588 | $4,159 |
| Maintenance & Repairs (5%) | $119 | $1,425 | $1,512 | $1,604 | $1,859 |
| Estimated Annual HOA Dues | $0 | $0 | $0 | $0 | $0 |
| Utilities | $0 | $0 | $0 | $0 | $0 |
| Reserves | $0 | $0 | $0 | $0 | $0 |
| Co-hosting | $312 | $3,739 | $3,966 | $4,208 | $4,878 |
| Total Expenses | $836 | $10,038 | $10,649 | $11,298 | $13,097 |
| Returns Without Financing | |||||
| NOI (Cash Available) | $1,664 | $19,962 | $21,178 | $22,468 | $26,046 |
| Net Cashflow | $19,962 | $21,178 | $22,468 | $26,046 | |
| Cap Rate | 4.37% | 4.63% | 4.91% | 5.7% | |
| Returns With Financing | |||||
| NOI (Cash Available) | $1,664 | $19,962 | $21,178 | $22,468 | $26,046 |
| Mortgage | $2,262 | $27,144 | $27,144 | $27,144 | $27,144 |
| Net Cashflow | -$7,182 | -$5,967 | -$4,677 | -$1,098 | |
| Cash On Cash | -6.12% | -5.09% | -3.99% | -0.94% | |
Projections assume 3% annual rent growth and 3% annual expense growth, based on the Short Term Rental strategy. All figures are estimates for information only. Verify independently before investing.