REI Lense

REI Lense

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$2,806 (target)

21233 Independence Ave, Lakeville, MN 55044

3 beds • 2 baths • 2077 sqft

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This property looks like a bad Long-Term investment with a projected -7.31% first-year return on $83,895 initial cash invested.

-7.31%

Cash On Cash

5.18%

Cap Rate

0.82

DSCR

$2,806

Rent

-$511

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,806 income − $3,317 expenses = $511 out of pocket

Income$2,806Out of Pocket$511Mortgage P&I$2,09475%Property Taxes$2047%Insurance$1405%HOA$1505%Management$28110%CapEx$1405%Vacancy$1686%Maintenance$1405%

Investment Breakdown

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Purchase Price

$400k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$83,895

Downpayment

20%

$79,900

Closing costs

1%

$3,995

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,806

Total Expenses

$3,317

Mortgage P&I

75%

$2,094

Property Taxes

7%

$204

Home Insurance

5%

$140

HOA

5%

$150

Property Management

10%

$281

CapEx

5%

$140

Vacancy

6%

$168

Maintenance

5%

$140

Other

0%

$0

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