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$3,424 (target)

1303 SW 6th St, Grand Rapids, MN 55744

3 beds • 2 baths • 1781 sqft

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This property might be a fair Mid-Term investment with a projected 3.94% first-year return on $77,997 initial cash invested.

3.94%

Cash On Cash

8.4%

Cap Rate

1.24

DSCR

$3,424

Rent

$256

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,424 income − $3,168 expenses = $256 cash flow

Income$3,424Mortgage P&I$1,60847%Property Taxes$3029%Insurance$933%Management$41112%CapEx$1374%Vacancy$1033%Maintenance$1374%Other$37711%Cash Flow$256

Investment Breakdown

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Purchase Price

$286k

Downpayment

20.0%

Interest Rate

7.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,997

Downpayment

20%

$57,140

Closing costs

1%

$2,857

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,424

Total Expenses

$3,168

Mortgage P&I

47%

$1,608

Property Taxes

9%

$302

Home Insurance

3%

$93

HOA

0%

$0

Property Management

12%

$411

CapEx

4%

$137

Vacancy

3%

$103

Maintenance

4%

$137

Other

11%

$377

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