REI Lense

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$2,298 (target)

16795 Lake Ave, Paynesville, MN 56362

3 beds • 2 baths • 1144 sqft

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This property looks like a bad Mid-Term investment with a projected -7.82% first-year return on $91,500 initial cash invested.

-7.82%

Cash On Cash

4.47%

Cap Rate

0.72

DSCR

$2,298

Rent

-$596

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,298 income − $2,894 expenses = $596 out of pocket

Income$2,298Out of Pocket$596Mortgage P&I$1,80879%Property Taxes$1828%Insurance$1225%Management$27612%CapEx$924%Vacancy$693%Maintenance$924%Other$25311%

Investment Breakdown

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Purchase Price

$350k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,500

Downpayment

20%

$70,000

Closing costs

1%

$3,500

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,298

Total Expenses

$2,894

Mortgage P&I

79%

$1,808

Property Taxes

8%

$182

Home Insurance

5%

$122

HOA

0%

$0

Property Management

12%

$276

CapEx

4%

$92

Vacancy

3%

$69

Maintenance

4%

$92

Other

11%

$253

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