REI Lense

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$3,140 (target)

1104 Spruce St, Farmington, MN 55024

3 beds • 2 baths • 1624 sqft

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This property looks like a bad Mid-Term investment with a projected -2.54% first-year return on $94,650 initial cash invested.

-2.54%

Cash On Cash

5.64%

Cap Rate

0.96

DSCR

$3,140

Rent

-$200

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,140 income − $3,340 expenses = $200 out of pocket

Income$3,140Out of Pocket$200Mortgage P&I$1,79057%Property Taxes$31010%Insurance$1304%HOA$421%Management$37712%CapEx$1264%Vacancy$943%Maintenance$1264%Other$34511%

Investment Breakdown

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Purchase Price

$365k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$94,650

Downpayment

20%

$73,000

Closing costs

1%

$3,650

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,140

Total Expenses

$3,340

Mortgage P&I

57%

$1,790

Property Taxes

10%

$310

Home Insurance

4%

$130

HOA

1%

$42

Property Management

12%

$377

CapEx

4%

$126

Vacancy

3%

$94

Maintenance

4%

$126

Other

11%

$345

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