REI Lense

REI Lense

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$2,283 (target)

21265 Concord St NW, Elk River, MN 55330

3 beds • 2 baths • 2241 sqft

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This property looks like a bad Long-Term investment with a projected -20.27% first-year return on $128k initial cash invested.

-20.27%

Cash On Cash

2.15%

Cap Rate

0.35

DSCR

$2,283

Rent

-$2,164

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,283 income − $4,447 expenses = $2,164 out of pocket

Income$2,283Out of Pocket$2,164Mortgage P&I$3,144138%Property Taxes$49622%Insurance$2149%Management$22810%CapEx$1145%Vacancy$1376%Maintenance$1145%

Investment Breakdown

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Purchase Price

$610k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$128k

Downpayment

20%

$122k

Closing costs

1%

$6,100

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,283

Total Expenses

$4,447

Mortgage P&I

138%

$3,144

Property Taxes

22%

$496

Home Insurance

9%

$214

HOA

0%

$0

Property Management

10%

$228

CapEx

5%

$114

Vacancy

6%

$137

Maintenance

5%

$114

Other

0%

$0

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