REI Lense

REI Lense

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$2,703 (target)

109 Summit Dr NE, Saint Michael, MN 55376

3 beds • 2 baths • 2056 sqft

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This property looks like a bad Mid-Term investment with a projected -1.77% first-year return on $84,192 initial cash invested.

-1.77%

Cash On Cash

5.67%

Cap Rate

0.99

DSCR

$2,703

Rent

-$124

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$315k

Downpayment

20.0%

Interest Rate

6.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$84,192

Downpayment

20%

$63,040

Closing costs

1%

$3,152

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,703

Total Expenses

$2,827

Mortgage P&I

56%

$1,505

Property Taxes

11%

$290

Home Insurance

4%

$114

HOA

0%

$0

Property Management

12%

$324

CapEx

4%

$108

Vacancy

3%

$81

Maintenance

4%

$108

Other

11%

$297

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