REI Lense

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$3,004 (target)

112 Donovan Dr, Grand Rapids, MN 55744

3 beds • 2 baths • 2928 sqft

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This property looks like a bad Mid-Term investment with a projected -3.78% first-year return on $93,243 initial cash invested.

-3.78%

Cash On Cash

5.47%

Cap Rate

0.9

DSCR

$3,004

Rent

-$294

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,004 income − $3,298 expenses = $294 out of pocket

Income$3,004Out of Pocket$294Mortgage P&I$1,80760%Property Taxes$34211%Insurance$1294%Management$36012%CapEx$1204%Vacancy$903%Maintenance$1204%Other$33011%

Investment Breakdown

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Purchase Price

$358k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$93,243

Downpayment

20%

$71,660

Closing costs

1%

$3,583

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,004

Total Expenses

$3,298

Mortgage P&I

60%

$1,807

Property Taxes

11%

$342

Home Insurance

4%

$129

HOA

0%

$0

Property Management

12%

$360

CapEx

4%

$120

Vacancy

3%

$90

Maintenance

4%

$120

Other

11%

$330

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