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1414 Main St NW, Elk River, MN 55330

3 beds • 2 baths • 1938 sqft

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This property looks like a bad Airbnb investment with a projected -2.59% first-year return on $95,364 initial cash invested.

-2.59%

Cash On Cash

5.9%

Cap Rate

0.98

DSCR

$4,051

Rent

-$206

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,051 income − $4,257 expenses = $206 out of pocket

Income$4,051Out of Pocket$206Mortgage P&I$1,85646%Property Taxes$3278%Insurance$1293%Management$60815%CapEx$1624%Maintenance$1624%Other$1,01325%

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

$4,051

Total Expenses

$4,257

Mortgage P&I

46%

$1,856

Property Taxes

8%

$327

Home Insurance

3%

$129

HOA

0%

$0

Property Management

15%

$608

CapEx

4%

$162

Vacancy

0%

$0

Maintenance

4%

$162

Other

25%

$1,013

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