REI Lense

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$3,698 (target)

1005 W Richway Dr, Albert Lea, MN 56007

3 beds • 3 baths • 3348 sqft

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This property looks like a bad Mid-Term investment with a projected -3.73% first-year return on $107k initial cash invested.

-3.73%

Cash On Cash

5.52%

Cap Rate

0.91

DSCR

$3,698

Rent

-$332

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,698 income − $4,030 expenses = $332 out of pocket

Income$3,698Out of Pocket$332Mortgage P&I$2,12958%Property Taxes$49113%Insurance$1524%Management$44412%CapEx$1484%Vacancy$1113%Maintenance$1484%Other$40711%

Investment Breakdown

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Purchase Price

$423k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$107k

Downpayment

20%

$84,520

Closing costs

1%

$4,226

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,698

Total Expenses

$4,030

Mortgage P&I

58%

$2,129

Property Taxes

13%

$491

Home Insurance

4%

$152

HOA

0%

$0

Property Management

12%

$444

CapEx

4%

$148

Vacancy

3%

$111

Maintenance

4%

$148

Other

11%

$407

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