REI Lense

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$3,424 (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 Mid-Term investment with a projected -13.1% first-year return on $146k initial cash invested.

-13.1%

Cash On Cash

3.32%

Cap Rate

0.54

DSCR

$3,424

Rent

-$1,595

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,424 income − $5,019 expenses = $1,595 out of pocket

Income$3,424Out of Pocket$1,595Mortgage P&I$3,14492%Property Taxes$49614%Insurance$2146%Management$41112%CapEx$1374%Vacancy$1033%Maintenance$1374%Other$37711%

Investment Breakdown

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Purchase Price

$610k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$146k

Downpayment

20%

$122k

Closing costs

1%

$6,100

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,424

Total Expenses

$5,019

Mortgage P&I

92%

$3,144

Property Taxes

14%

$496

Home Insurance

6%

$214

HOA

0%

$0

Property Management

12%

$411

CapEx

4%

$137

Vacancy

3%

$103

Maintenance

4%

$137

Other

11%

$377

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