REI Lense

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$4,510 (target)

20290 Enfield Ct N, Forest Lake, MN 55025

3 beds • 2 baths • 2094 sqft

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This property looks like a bad Mid-Term investment with a projected -3.06% first-year return on $122k initial cash invested.

-3.06%

Cash On Cash

6.19%

Cap Rate

0.95

DSCR

$4,510

Rent

-$312

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,510 income − $4,822 expenses = $312 out of pocket

Income$4,510Out of Pocket$312Mortgage P&I$2,69760%Property Taxes$4189%Insurance$1754%Management$54112%CapEx$1804%Vacancy$1353%Maintenance$1804%Other$49611%

Investment Breakdown

|

Purchase Price

$497k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$122k

Downpayment

20%

$99,420

Closing costs

1%

$4,971

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,510

Total Expenses

$4,822

Mortgage P&I

60%

$2,697

Property Taxes

9%

$418

Home Insurance

4%

$175

HOA

0%

$0

Property Management

12%

$541

CapEx

4%

$180

Vacancy

3%

$135

Maintenance

4%

$180

Other

11%

$496

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