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1113 Hickory St, Farmington, MN 55024

3 beds • 2 baths • 1700 sqft

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This property looks like a bad Airbnb investment with a projected -16.29% first-year return on $88,455 initial cash invested.

-16.29%

Cash On Cash

2.19%

Cap Rate

0.35

DSCR

$2,044

Rent

-$1,201

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,044 income − $3,245 expenses = $1,201 out of pocket

Income$2,044Out of Pocket$1,201Mortgage P&I$1,73285%Property Taxes$35117%Insurance$1286%HOA$523%Management$30715%CapEx$824%Maintenance$824%Other$51125%

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

$2,044

Total Expenses

$3,245

Mortgage P&I

85%

$1,732

Property Taxes

17%

$351

Home Insurance

6%

$128

HOA

3%

$52

Property Management

15%

$307

CapEx

4%

$82

Vacancy

0%

$0

Maintenance

4%

$82

Other

25%

$511

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