REI Lense

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$3,249 (target)

20118 Moose Point Rd, Grand Rapids, MN 55744

3 beds • 2 baths • 3600 sqft

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This property looks like a bad Mid-Term investment with a projected -7.06% first-year return on $111k initial cash invested.

-7.06%

Cash On Cash

4.92%

Cap Rate

0.78

DSCR

$3,249

Rent

-$654

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,249 income − $3,903 expenses = $654 out of pocket

Income$3,249Out of Pocket$654Mortgage P&I$2,34472%Property Taxes$2979%Insurance$1585%Management$39012%CapEx$1304%Vacancy$973%Maintenance$1304%Other$35711%

Investment Breakdown

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Purchase Price

$444k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$111k

Downpayment

20%

$88,740

Closing costs

1%

$4,437

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,249

Total Expenses

$3,903

Mortgage P&I

72%

$2,344

Property Taxes

9%

$297

Home Insurance

5%

$158

HOA

0%

$0

Property Management

12%

$390

CapEx

4%

$130

Vacancy

3%

$97

Maintenance

4%

$130

Other

11%

$357

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