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13058 Elgin Dr NW, Elk River, MN 55330

3 beds • 2 baths • 1694 sqft

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This property might be a fair Airbnb investment with a projected 1.94% first-year return on $89,673 initial cash invested.

1.94%

Cash On Cash

6.95%

Cap Rate

1.19

DSCR

$4,284

Rent

$145

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,284 income − $4,139 expenses = $145 cash flow

Income$4,284Mortgage P&I$1,66239%Property Taxes$3027%Insurance$1193%Management$64315%CapEx$1714%Maintenance$1714%Other$1,07125%Cash Flow$145

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

$4,284

Total Expenses

$4,139

Mortgage P&I

39%

$1,662

Property Taxes

7%

$302

Home Insurance

3%

$119

HOA

0%

$0

Property Management

15%

$643

CapEx

4%

$171

Vacancy

0%

$0

Maintenance

4%

$171

Other

25%

$1,071

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