REI Lense

REI Lense

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$3,496 (target)

2022 22nd Ave NE, Minneapolis, MN 55418

3 beds • 2 baths • 2073 sqft

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This property looks like a bad Mid-Term investment with a projected -6.3% first-year return on $105k initial cash invested.

-6.3%

Cash On Cash

5.32%

Cap Rate

0.82

DSCR

$3,496

Rent

-$551

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,496 income − $4,047 expenses = $551 out of pocket

Income$3,496Out of Pocket$551Mortgage P&I$2,24864%Property Taxes$46413%Insurance$1454%Management$42012%CapEx$1404%Vacancy$1053%Maintenance$1404%Other$38511%

Investment Breakdown

|

Purchase Price

$414k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$105k

Downpayment

20%

$82,860

Closing costs

1%

$4,143

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,496

Total Expenses

$4,047

Mortgage P&I

64%

$2,248

Property Taxes

13%

$464

Home Insurance

4%

$145

HOA

0%

$0

Property Management

12%

$420

CapEx

4%

$140

Vacancy

3%

$105

Maintenance

4%

$140

Other

11%

$385

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