REI Lense

REI Lense

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$2,529 (target)

16920 61st St NE, Otsego, MN 55330

3 beds • 2 baths • 1609 sqft

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This property looks like a bad Long-Term investment with a projected -10.05% first-year return on $89,103 initial cash invested.

-10.05%

Cash On Cash

4.26%

Cap Rate

0.71

DSCR

$2,529

Rent

-$746

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,529 income − $3,275 expenses = $746 out of pocket

Income$2,529Out of Pocket$746Mortgage P&I$2,12584%Property Taxes$34414%Insurance$1496%Management$25310%CapEx$1265%Vacancy$1526%Maintenance$1265%

Investment Breakdown

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Purchase Price

$424k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,103

Downpayment

20%

$84,860

Closing costs

1%

$4,243

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,529

Total Expenses

$3,275

Mortgage P&I

84%

$2,125

Property Taxes

14%

$344

Home Insurance

6%

$149

HOA

0%

$0

Property Management

10%

$253

CapEx

5%

$126

Vacancy

6%

$152

Maintenance

5%

$126

Other

0%

$0

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