REI Lense

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$1,653 (target)

202 N Ln, Albert Lea, MN 56007

3 beds • 3 baths • 2911 sqft

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This property looks like a bad Mid-Term investment with a projected -14.44% first-year return on $86,250 initial cash invested.

-14.44%

Cash On Cash

2.46%

Cap Rate

0.41

DSCR

$1,653

Rent

-$1,038

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,653 income − $2,691 expenses = $1,038 out of pocket

Income$1,653Out of Pocket$1,038Mortgage P&I$1,63999%Property Taxes$37623%Insurance$1147%Management$19812%CapEx$664%Vacancy$503%Maintenance$664%Other$18211%

Investment Breakdown

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Purchase Price

$325k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,250

Downpayment

20%

$65,000

Closing costs

1%

$3,250

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$1,653

Total Expenses

$2,691

Mortgage P&I

99%

$1,639

Property Taxes

23%

$376

Home Insurance

7%

$114

HOA

0%

$0

Property Management

12%

$198

CapEx

4%

$66

Vacancy

3%

$50

Maintenance

4%

$66

Other

11%

$182

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