REI Lense

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$2,476 (target)

1609 Garfield Ave, Albert Lea, MN 56007

3 beds • 2 baths • 1696 sqft

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This property looks like a bad Mid-Term investment with a projected -2.29% first-year return on $79,698 initial cash invested.

-2.29%

Cash On Cash

5.67%

Cap Rate

0.96

DSCR

$2,476

Rent

-$152

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,476 income − $2,628 expenses = $152 out of pocket

Income$2,476Out of Pocket$152Mortgage P&I$1,44158%Property Taxes$24110%Insurance$1054%Management$29712%CapEx$994%Vacancy$743%Maintenance$994%Other$27211%

Investment Breakdown

|

Purchase Price

$294k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,698

Downpayment

20%

$58,760

Closing costs

1%

$2,938

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,476

Total Expenses

$2,628

Mortgage P&I

58%

$1,441

Property Taxes

10%

$241

Home Insurance

4%

$105

HOA

0%

$0

Property Management

12%

$297

CapEx

4%

$99

Vacancy

3%

$74

Maintenance

4%

$99

Other

11%

$272

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