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13058 Elgin Dr NW, Elk River, MN 55330

3 beds • 2 baths • 1694 sqft

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This property looks like a bad Airbnb investment with a projected -3.02% first-year return on $89,673 initial cash invested.

-3.02%

Cash On Cash

5.55%

Cap Rate

0.95

DSCR

$3,572

Rent

-$226

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,572 income − $3,798 expenses = $226 out of pocket

Income$3,572Out of Pocket$226Mortgage P&I$1,66247%Property Taxes$3028%Insurance$1193%Management$53615%CapEx$1434%Maintenance$1434%Other$89325%

Investment Breakdown

|

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

$3,572

Total Expenses

$3,798

Mortgage P&I

47%

$1,662

Property Taxes

8%

$302

Home Insurance

3%

$119

HOA

0%

$0

Property Management

15%

$536

CapEx

4%

$143

Vacancy

0%

$0

Maintenance

4%

$143

Other

25%

$893

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