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$2,649 (target)

1111 Skylark Ln, Albert Lea, MN 56007

3 beds • 2 baths • 2836 sqft

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This property looks like a bad Mid-Term investment with a projected -4.97% first-year return on $89,379 initial cash invested.

-4.97%

Cash On Cash

5.08%

Cap Rate

0.84

DSCR

$2,649

Rent

-$370

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,649 income − $3,019 expenses = $370 out of pocket

Income$2,649Out of Pocket$370Mortgage P&I$1,70364%Property Taxes$29711%Insurance$1194%Management$31812%CapEx$1064%Vacancy$793%Maintenance$1064%Other$29111%

Investment Breakdown

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Purchase Price

$340k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,379

Downpayment

20%

$67,980

Closing costs

1%

$3,399

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,649

Total Expenses

$3,019

Mortgage P&I

64%

$1,703

Property Taxes

11%

$297

Home Insurance

4%

$119

HOA

0%

$0

Property Management

12%

$318

CapEx

4%

$106

Vacancy

3%

$79

Maintenance

4%

$106

Other

11%

$291

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