REI Lense

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$3,440 (target)

1414 Main St NW, Elk River, MN 55330

3 beds • 2 baths • 1938 sqft

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This property looks like a bad Mid-Term investment with a projected -0.53% first-year return on $95,364 initial cash invested.

-0.53%

Cash On Cash

6.36%

Cap Rate

1.05

DSCR

$3,440

Rent

-$42

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,440 income − $3,482 expenses = $42 out of pocket

Income$3,440Out of Pocket$42Mortgage P&I$1,85654%Property Taxes$32710%Insurance$1294%Management$41312%CapEx$1384%Vacancy$1033%Maintenance$1384%Other$37811%

Investment Breakdown

|

Purchase Price

$368k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$95,364

Downpayment

20%

$73,680

Closing costs

1%

$3,684

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,440

Total Expenses

$3,482

Mortgage P&I

54%

$1,856

Property Taxes

10%

$327

Home Insurance

4%

$129

HOA

0%

$0

Property Management

12%

$413

CapEx

4%

$138

Vacancy

3%

$103

Maintenance

4%

$138

Other

11%

$378

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