REI Lense

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$1,766 (target)

1111 Skylark Ln, Albert Lea, MN 56007

3 beds • 2 baths • 2836 sqft

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This property looks like a bad Long-Term investment with a projected -13.65% first-year return on $71,379 initial cash invested.

-13.65%

Cash On Cash

3.46%

Cap Rate

0.57

DSCR

$1,766

Rent

-$812

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,766 income − $2,578 expenses = $812 out of pocket

Income$1,766Out of Pocket$812Mortgage P&I$1,70396%Property Taxes$29717%Insurance$1197%Management$17710%CapEx$885%Vacancy$1066%Maintenance$885%

Investment Breakdown

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Purchase Price

$340k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,379

Downpayment

20%

$67,980

Closing costs

1%

$3,399

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,766

Total Expenses

$2,578

Mortgage P&I

96%

$1,703

Property Taxes

17%

$297

Home Insurance

7%

$119

HOA

0%

$0

Property Management

10%

$177

CapEx

5%

$88

Vacancy

6%

$106

Maintenance

5%

$88

Other

0%

$0

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