REI Lense

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$4,209 (target)

21233 Independence Ave, Lakeville, MN 55044

3 beds • 2 baths • 2077 sqft

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This property might be a fair Mid-Term investment with a projected 2.25% first-year return on $102k initial cash invested.

2.25%

Cash On Cash

7.37%

Cap Rate

1.17

DSCR

$4,209

Rent

$191

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,209 income − $4,018 expenses = $191 cash flow

Income$4,209Mortgage P&I$2,09450%Property Taxes$2045%Insurance$1403%HOA$1504%Management$50512%CapEx$1684%Vacancy$1263%Maintenance$1684%Other$46311%Cash Flow$191

Investment Breakdown

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Purchase Price

$400k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$102k

Downpayment

20%

$79,900

Closing costs

1%

$3,995

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,209

Total Expenses

$4,018

Mortgage P&I

50%

$2,094

Property Taxes

5%

$204

Home Insurance

3%

$140

HOA

4%

$150

Property Management

12%

$505

CapEx

4%

$168

Vacancy

3%

$126

Maintenance

4%

$168

Other

11%

$463

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