REI Lense

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$2,093 (target)

1104 Spruce St, Farmington, MN 55024

3 beds • 2 baths • 1624 sqft

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This property looks like a bad Long-Term investment with a projected -11.33% first-year return on $76,650 initial cash invested.

-11.33%

Cash On Cash

3.85%

Cap Rate

0.65

DSCR

$2,093

Rent

-$724

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,093 income − $2,817 expenses = $724 out of pocket

Income$2,093Out of Pocket$724Mortgage P&I$1,79086%Property Taxes$31015%Insurance$1306%HOA$422%Management$20910%CapEx$1055%Vacancy$1266%Maintenance$1055%

Investment Breakdown

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Purchase Price

$365k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,650

Downpayment

20%

$73,000

Closing costs

1%

$3,650

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,093

Total Expenses

$2,817

Mortgage P&I

86%

$1,790

Property Taxes

15%

$310

Home Insurance

6%

$130

HOA

2%

$42

Property Management

10%

$209

CapEx

5%

$105

Vacancy

6%

$126

Maintenance

5%

$105

Other

0%

$0

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