REI Lense

REI Lense

Unlock all features! Tap here to upgrade

$3,004 (target)

2022 Grand Ave, Albert Lea, MN 56007

3 beds • 3 baths • 3144 sqft

Email

This property might be a fair Mid-Term investment with a projected 2.1% first-year return on $81,000 initial cash invested.

2.1%

Cash On Cash

7.06%

Cap Rate

1.17

DSCR

$3,004

Rent

$142

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,004 income − $2,862 expenses = $142 cash flow

Income$3,004Mortgage P&I$1,50350%Property Taxes$2348%Insurance$1053%Management$36012%CapEx$1204%Vacancy$903%Maintenance$1204%Other$33011%Cash Flow$142

Investment Breakdown

|

Purchase Price

$300k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,000

Downpayment

20%

$60,000

Closing costs

1%

$3,000

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,004

Total Expenses

$2,862

Mortgage P&I

50%

$1,503

Property Taxes

8%

$234

Home Insurance

4%

$105

HOA

0%

$0

Property Management

12%

$360

CapEx

4%

$120

Vacancy

3%

$90

Maintenance

4%

$120

Other

11%

$330

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis