REI Lense

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$6,915 (target)

13124 April Ln, Minnetonka, MN 55305

3 beds • 4 baths • 3134 sqft

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This property might be a fair Mid-Term investment with a projected 9.8% first-year return on $134k initial cash invested.

9.8%

Cash On Cash

8.86%

Cap Rate

1.51

DSCR

$6,915

Rent

$1,097

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$6,915 income − $5,818 expenses = $1,097 cash flow

Income$6,915Mortgage P&I$2,71639%Property Taxes$5548%Insurance$1963%Management$83012%CapEx$2774%Vacancy$2073%Maintenance$2774%Other$76111%Cash Flow$1,097

Investment Breakdown

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Purchase Price

$554k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$134k

Downpayment

20%

$111k

Closing costs

1%

$5,539

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$6,915

Total Expenses

$5,818

Mortgage P&I

39%

$2,716

Property Taxes

8%

$554

Home Insurance

3%

$196

HOA

0%

$0

Property Management

12%

$830

CapEx

4%

$277

Vacancy

3%

$207

Maintenance

4%

$277

Other

11%

$761

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