REI Lense

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$2,697 (target)

1705 Fraser Dr, Grand Rapids, MN 55744

3 beds • 2 baths • 1728 sqft

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This property looks like a bad Mid-Term investment with a projected -3.38% first-year return on $87,300 initial cash invested.

-3.38%

Cash On Cash

5.55%

Cap Rate

0.92

DSCR

$2,697

Rent

-$246

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,697 income − $2,943 expenses = $246 out of pocket

Income$2,697Out of Pocket$246Mortgage P&I$1,66362%Property Taxes$2469%Insurance$1164%Management$32412%CapEx$1084%Vacancy$813%Maintenance$1084%Other$29711%

Investment Breakdown

|

Purchase Price

$330k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$87,300

Downpayment

20%

$66,000

Closing costs

1%

$3,300

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,697

Total Expenses

$2,943

Mortgage P&I

62%

$1,663

Property Taxes

9%

$246

Home Insurance

4%

$116

HOA

0%

$0

Property Management

12%

$324

CapEx

4%

$108

Vacancy

3%

$81

Maintenance

4%

$108

Other

11%

$297

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