REI Lense

REI Lense

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$1,783 (target)

1907 S Shore Dr, Albert Lea, MN 56007

3 beds • 3 baths • 3429 sqft

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This property looks like a bad Long-Term investment with a projected -15.03% first-year return on $62,979 initial cash invested.

-15.03%

Cash On Cash

3.21%

Cap Rate

0.53

DSCR

$1,783

Rent

-$789

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,783 income − $2,572 expenses = $789 out of pocket

Income$1,783Out of Pocket$789Mortgage P&I$1,50284%Property Taxes$50228%Insurance$1056%Management$17810%CapEx$895%Vacancy$1076%Maintenance$895%

Investment Breakdown

|

Purchase Price

$300k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$62,979

Downpayment

20%

$59,980

Closing costs

1%

$2,999

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,783

Total Expenses

$2,572

Mortgage P&I

84%

$1,502

Property Taxes

28%

$502

Home Insurance

6%

$105

HOA

0%

$0

Property Management

10%

$178

CapEx

5%

$89

Vacancy

6%

$107

Maintenance

5%

$89

Other

0%

$0

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