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$3,054 (target)

117 Carissa Ln SW, Saint Michael, MN 55376

3 beds • 2 baths • 1629 sqft

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This property looks like a bad Mid-Term investment with a projected -2.82% first-year return on $94,524 initial cash invested.

-2.82%

Cash On Cash

5.68%

Cap Rate

0.95

DSCR

$3,054

Rent

-$222

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,054 income − $3,276 expenses = $222 out of pocket

Income$3,054Out of Pocket$222Mortgage P&I$1,82460%Property Taxes$2909%Insurance$1244%Management$36612%CapEx$1224%Vacancy$923%Maintenance$1224%Other$33611%

Investment Breakdown

|

Purchase Price

$364k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$94,524

Downpayment

20%

$72,880

Closing costs

1%

$3,644

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,054

Total Expenses

$3,276

Mortgage P&I

60%

$1,824

Property Taxes

10%

$290

Home Insurance

4%

$124

HOA

0%

$0

Property Management

12%

$366

CapEx

4%

$122

Vacancy

3%

$92

Maintenance

4%

$122

Other

11%

$336

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