REI Lense

REI Lense

Unlock all features! Tap here to upgrade

$1,651 (target)

1609 Garfield Ave, Albert Lea, MN 56007

3 beds • 2 baths • 1696 sqft

Email

This property looks like a bad Long-Term investment with a projected -11.01% first-year return on $61,698 initial cash invested.

-11.01%

Cash On Cash

3.91%

Cap Rate

0.66

DSCR

$1,651

Rent

-$566

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,651 income − $2,217 expenses = $566 out of pocket

Income$1,651Out of Pocket$566Mortgage P&I$1,44187%Property Taxes$24115%Insurance$1056%Management$16510%CapEx$835%Vacancy$996%Maintenance$835%

Investment Breakdown

|

Purchase Price

$294k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,698

Downpayment

20%

$58,760

Closing costs

1%

$2,938

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,651

Total Expenses

$2,217

Mortgage P&I

87%

$1,441

Property Taxes

15%

$241

Home Insurance

6%

$105

HOA

0%

$0

Property Management

10%

$165

CapEx

5%

$83

Vacancy

6%

$99

Maintenance

5%

$83

Other

0%

$0

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis