REI Lense

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$4,016 (target)

1811 Columbus Ave, Duluth, MN 55803

3 beds • 2 baths • 2328 sqft

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This property looks like a bad Mid-Term investment with a projected -9.1% first-year return on $146k initial cash invested.

-9.1%

Cash On Cash

4.13%

Cap Rate

0.69

DSCR

$4,016

Rent

-$1,105

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,016 income − $5,121 expenses = $1,105 out of pocket

Income$4,016Out of Pocket$1,105Mortgage P&I$3,03476%Property Taxes$49712%Insurance$2246%Management$48212%CapEx$1614%Vacancy$1203%Maintenance$1614%Other$44211%

Investment Breakdown

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Purchase Price

$608k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$146k

Downpayment

20%

$122k

Closing costs

1%

$6,079

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,016

Total Expenses

$5,121

Mortgage P&I

76%

$3,034

Property Taxes

12%

$497

Home Insurance

6%

$224

HOA

0%

$0

Property Management

12%

$482

CapEx

4%

$161

Vacancy

3%

$120

Maintenance

4%

$161

Other

11%

$442

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