REI Lense

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$2,187 (target)

1702 Frank Hall Dr, Albert Lea, MN 56007

3 beds • 2 baths • 2028 sqft

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This property might be a fair Mid-Term investment with a projected 5.95% first-year return on $55,443 initial cash invested.

5.95%

Cash On Cash

8.47%

Cap Rate

1.4

DSCR

$2,187

Rent

$275

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,187 income − $1,912 expenses = $275 cash flow

Income$2,187Mortgage P&I$89741%Property Taxes$2029%Insurance$703%Management$26212%CapEx$874%Vacancy$663%Maintenance$874%Other$24111%Cash Flow$275

Investment Breakdown

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Purchase Price

$178k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$55,443

Downpayment

20%

$35,660

Closing costs

1%

$1,783

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$2,187

Total Expenses

$1,912

Mortgage P&I

41%

$897

Property Taxes

9%

$202

Home Insurance

3%

$70

HOA

0%

$0

Property Management

12%

$262

CapEx

4%

$87

Vacancy

3%

$66

Maintenance

4%

$87

Other

11%

$241

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