REI Lense

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$1,756 (target)

1207 N McKay Ave NE, Alexandria, MN 56308

3 beds • 2 baths • 1905 sqft

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This property looks like a bad Long-Term investment with a projected -5.3% first-year return on $52,290 initial cash invested.

-5.3%

Cash On Cash

5.61%

Cap Rate

0.89

DSCR

$1,756

Rent

-$231

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,756 income − $1,987 expenses = $231 out of pocket

Income$1,756Out of Pocket$231Mortgage P&I$1,30874%Property Taxes$1358%Insurance$875%Management$17610%CapEx$885%Vacancy$1056%Maintenance$885%

Investment Breakdown

|

Purchase Price

$249k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$52,290

Downpayment

20%

$49,800

Closing costs

1%

$2,490

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,756

Total Expenses

$1,987

Mortgage P&I

74%

$1,308

Property Taxes

8%

$135

Home Insurance

5%

$87

HOA

0%

$0

Property Management

10%

$176

CapEx

5%

$88

Vacancy

6%

$105

Maintenance

5%

$88

Other

0%

$0

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