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$2,051 (target)

16509 Lake Street Ext, Minnetonka, MN 55345

3 beds • 4 baths • 3535 sqft

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This property looks like a bad Long-Term investment with a projected -22.03% first-year return on $105k initial cash invested.

-22.03%

Cash On Cash

2.26%

Cap Rate

0.34

DSCR

$2,051

Rent

-$1,927

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,051 income − $3,978 expenses = $1,927 out of pocket

Income$2,051Out of Pocket$1,927Mortgage P&I$2,767135%Property Taxes$50224%Insurance$1759%Management$20510%CapEx$1035%Vacancy$1236%Maintenance$1035%

Investment Breakdown

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Purchase Price

$500k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$105k

Downpayment

20%

$99,980

Closing costs

1%

$4,999

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,051

Total Expenses

$3,978

Mortgage P&I

135%

$2,767

Property Taxes

24%

$502

Home Insurance

9%

$175

HOA

0%

$0

Property Management

10%

$205

CapEx

5%

$103

Vacancy

6%

$123

Maintenance

5%

$103

Other

0%

$0

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