REI Lense

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$2,457 (target)

1006 24th Ave NW, Austin, MN 55912

3 beds • 2 baths • 1759 sqft

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This property looks like a bad Mid-Term investment with a projected -9.74% first-year return on $102k initial cash invested.

-9.74%

Cash On Cash

3.78%

Cap Rate

0.63

DSCR

$2,457

Rent

-$828

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,457 income − $3,285 expenses = $828 out of pocket

Income$2,457Out of Pocket$828Mortgage P&I$1,99181%Property Taxes$31913%Insurance$1406%Management$29512%CapEx$984%Vacancy$743%Maintenance$984%Other$27011%

Investment Breakdown

|

Purchase Price

$400k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$102k

Downpayment

20%

$79,980

Closing costs

1%

$3,999

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,457

Total Expenses

$3,285

Mortgage P&I

81%

$1,991

Property Taxes

13%

$319

Home Insurance

6%

$140

HOA

0%

$0

Property Management

12%

$295

CapEx

4%

$98

Vacancy

3%

$74

Maintenance

4%

$98

Other

11%

$270

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