REI Lense

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$2,176 (target)

1570 Meadowlark Ln, Fairmont, MN 56031

3 beds • 2 baths • 2688 sqft

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This property looks like a bad Mid-Term investment with a projected -4.6% first-year return on $72,579 initial cash invested.

-4.6%

Cash On Cash

5.17%

Cap Rate

0.85

DSCR

$2,176

Rent

-$278

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,176 income − $2,454 expenses = $278 out of pocket

Income$2,176Out of Pocket$278Mortgage P&I$1,31060%Property Taxes$31414%Insurance$914%Management$26112%CapEx$874%Vacancy$653%Maintenance$874%Other$23911%

Investment Breakdown

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Purchase Price

$260k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,579

Downpayment

20%

$51,980

Closing costs

1%

$2,599

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,176

Total Expenses

$2,454

Mortgage P&I

60%

$1,310

Property Taxes

14%

$314

Home Insurance

4%

$91

HOA

0%

$0

Property Management

12%

$261

CapEx

4%

$87

Vacancy

3%

$65

Maintenance

4%

$87

Other

11%

$239

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