REI Lense

REI Lense

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$3,502 (target)

13058 Elgin Dr NW, Elk River, MN 55330

3 beds • 2 baths • 1694 sqft

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This property might be a fair Mid-Term investment with a projected 3.06% first-year return on $89,673 initial cash invested.

3.06%

Cash On Cash

7.14%

Cap Rate

1.22

DSCR

$3,502

Rent

$229

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

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,673

Downpayment

20%

$68,260

Closing costs

1%

$3,413

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,502

Total Expenses

$3,273

Mortgage P&I

47%

$1,662

Property Taxes

9%

$302

Home Insurance

3%

$119

HOA

0%

$0

Property Management

12%

$420

CapEx

4%

$140

Vacancy

3%

$105

Maintenance

4%

$140

Other

11%

$385

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