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15324 Martin St NW, Andover, MN 55304

3 beds • 2 baths • 2040 sqft

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This property looks like a bad Airbnb investment with a projected -11.2% first-year return on $107k initial cash invested.

-11.2%

Cash On Cash

3.57%

Cap Rate

0.59

DSCR

$3,080

Rent

-$997

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,080 income − $4,077 expenses = $997 out of pocket

Income$3,080Out of Pocket$997Mortgage P&I$2,13369%Property Taxes$32611%Insurance$1405%Management$46215%CapEx$1234%Maintenance$1234%Other$77025%

Investment Breakdown

|

Purchase Price

$423k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$107k

Downpayment

20%

$84,620

Closing costs

1%

$4,231

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,080

Total Expenses

$4,077

Mortgage P&I

69%

$2,133

Property Taxes

11%

$326

Home Insurance

5%

$140

HOA

0%

$0

Property Management

15%

$462

CapEx

4%

$123

Vacancy

0%

$0

Maintenance

4%

$123

Other

25%

$770

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