REI Lense

REI Lense

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$2,957 (target)

11415 242nd Ct E, Lakeville, MN 55044

3 beds • 2 baths • 3140 sqft

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This property looks like a bad Long-Term investment with a projected -16.3% first-year return on $141k initial cash invested.

-16.3%

Cash On Cash

2.97%

Cap Rate

0.48

DSCR

$2,957

Rent

-$1,912

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,957 income − $4,869 expenses = $1,912 out of pocket

Income$2,957Out of Pocket$1,912Mortgage P&I$3,425116%Property Taxes$38613%Insurance$28910%Management$29610%CapEx$1485%Vacancy$1776%Maintenance$1485%

Investment Breakdown

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Purchase Price

$670k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$141k

Downpayment

20%

$134k

Closing costs

1%

$6,703

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,957

Total Expenses

$4,869

Mortgage P&I

116%

$3,425

Property Taxes

13%

$386

Home Insurance

10%

$289

HOA

0%

$0

Property Management

10%

$296

CapEx

5%

$148

Vacancy

6%

$177

Maintenance

5%

$148

Other

0%

$0

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