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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 -6.74% first-year return on $107k initial cash invested.

-6.74%

Cash On Cash

4.78%

Cap Rate

0.79

DSCR

$3,846

Rent

-$600

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,846 income − $4,446 expenses = $600 out of pocket

Income$3,846Out of Pocket$600Mortgage P&I$2,13355%Property Taxes$3268%Insurance$1404%Management$57715%CapEx$1544%Maintenance$1544%Other$96225%

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

$3,846

Total Expenses

$4,446

Mortgage P&I

55%

$2,133

Property Taxes

8%

$326

Home Insurance

4%

$140

HOA

0%

$0

Property Management

15%

$577

CapEx

4%

$154

Vacancy

0%

$0

Maintenance

4%

$154

Other

25%

$962

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