REI Lense

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1305 Elm St, Farmington, MN 55024

3 beds • 2 baths • 1748 sqft

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This property looks like a bad Airbnb investment with a projected -10.99% first-year return on $89,547 initial cash invested.

-10.99%

Cash On Cash

3.36%

Cap Rate

0.57

DSCR

$2,262

Rent

-$820

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$341k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,547

Downpayment

20%

$68,140

Closing costs

1%

$3,407

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,262

Total Expenses

$3,082

Mortgage P&I

74%

$1,684

Property Taxes

9%

$194

Home Insurance

5%

$119

HOA

0%

$0

Property Management

15%

$339

CapEx

4%

$90

Vacancy

0%

$0

Maintenance

4%

$90

Other

25%

$566

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