REI Lense

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$2,674 (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 Mid-Term investment with a projected -5.1% first-year return on $80,979 initial cash invested.

-5.1%

Cash On Cash

5.06%

Cap Rate

0.84

DSCR

$2,674

Rent

-$344

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,674 income − $3,018 expenses = $344 out of pocket

Income$2,674Out of Pocket$344Mortgage P&I$1,50256%Property Taxes$50219%Insurance$1054%Management$32112%CapEx$1074%Vacancy$803%Maintenance$1074%Other$29411%

Investment Breakdown

|

Purchase Price

$300k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,979

Downpayment

20%

$59,980

Closing costs

1%

$2,999

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,674

Total Expenses

$3,018

Mortgage P&I

56%

$1,502

Property Taxes

19%

$502

Home Insurance

4%

$105

HOA

0%

$0

Property Management

12%

$321

CapEx

4%

$107

Vacancy

3%

$80

Maintenance

4%

$107

Other

11%

$294

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