REI Lense

REI Lense

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$2,138 (target)

1313 Holland St, Fairmont, MN 56031

3 beds • 2 baths • 2916 sqft

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This property looks like a bad Mid-Term investment with a projected -9.91% first-year return on $80,979 initial cash invested.

-9.91%

Cash On Cash

4.08%

Cap Rate

0.64

DSCR

$2,138

Rent

-$669

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,138 income − $2,807 expenses = $669 out of pocket

Income$2,138Out of Pocket$669Mortgage P&I$1,60375%Property Taxes$37117%Insurance$1055%Management$25712%CapEx$864%Vacancy$643%Maintenance$864%Other$23511%

Investment Breakdown

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Purchase Price

$300k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,979

Downpayment

20%

$59,980

Closing costs

1%

$2,999

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,138

Total Expenses

$2,807

Mortgage P&I

75%

$1,603

Property Taxes

17%

$371

Home Insurance

5%

$105

HOA

0%

$0

Property Management

12%

$257

CapEx

4%

$86

Vacancy

3%

$64

Maintenance

4%

$86

Other

11%

$235

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