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17925 Covington Rd, Minnetonka, MN 55345

3 beds • 2 baths • 1801 sqft

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This property looks like a bad Airbnb investment with a projected -16.6% first-year return on $116k initial cash invested.

-16.6%

Cash On Cash

2.97%

Cap Rate

0.44

DSCR

$3,341

Rent

-$1,607

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,341 income − $4,948 expenses = $1,607 out of pocket

Income$3,341Out of Pocket$1,607Mortgage P&I$2,63179%Property Taxes$52916%Insurance$1846%Management$50115%CapEx$1344%Maintenance$1344%Other$83525%

Investment Breakdown

|

Purchase Price

$468k

Downpayment

20.0%

Interest Rate

7.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$116k

Downpayment

20%

$93,500

Closing costs

1%

$4,675

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,341

Total Expenses

$4,948

Mortgage P&I

79%

$2,631

Property Taxes

16%

$529

Home Insurance

6%

$184

HOA

0%

$0

Property Management

15%

$501

CapEx

4%

$134

Vacancy

0%

$0

Maintenance

4%

$134

Other

25%

$835

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