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$3,606 (target)

1113 Hickory St, Farmington, MN 55024

3 beds • 2 baths • 1700 sqft

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This property might be a fair Mid-Term investment with a projected 1.59% first-year return on $88,455 initial cash invested.

1.59%

Cash On Cash

7.13%

Cap Rate

1.15

DSCR

$3,606

Rent

$117

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,606 income − $3,489 expenses = $117 cash flow

Income$3,606Mortgage P&I$1,73248%Property Taxes$35110%Insurance$1284%HOA$521%Management$43312%CapEx$1444%Vacancy$1083%Maintenance$1444%Other$39711%Cash Flow$117

Investment Breakdown

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Purchase Price

$336k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$88,455

Downpayment

20%

$67,100

Closing costs

1%

$3,355

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,606

Total Expenses

$3,489

Mortgage P&I

48%

$1,732

Property Taxes

10%

$351

Home Insurance

4%

$128

HOA

1%

$52

Property Management

12%

$433

CapEx

4%

$144

Vacancy

3%

$108

Maintenance

4%

$144

Other

11%

$397

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