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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 -10.59% first-year return on $89,547 initial cash invested.

-10.59%

Cash On Cash

3.48%

Cap Rate

0.59

DSCR

$2,321

Rent

-$790

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,321 income − $3,111 expenses = $790 out of pocket

Income$2,321Out of Pocket$790Mortgage P&I$1,68473%Property Taxes$1948%Insurance$1195%Management$34815%CapEx$934%Maintenance$934%Other$58025%

Investment Breakdown

|

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

$2,321

Total Expenses

$3,111

Mortgage P&I

73%

$1,684

Property Taxes

8%

$194

Home Insurance

5%

$119

HOA

0%

$0

Property Management

15%

$348

CapEx

4%

$93

Vacancy

0%

$0

Maintenance

4%

$93

Other

25%

$580

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