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2130 Grand Ave, Albert Lea, MN 56007

3 beds • 2 baths • 1667 sqft

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This property looks like a bad Airbnb investment with a projected -7.75% first-year return on $69,681 initial cash invested.

-7.75%

Cash On Cash

4.54%

Cap Rate

0.72

DSCR

$2,094

Rent

-$450

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,094 income − $2,544 expenses = $450 out of pocket

Income$2,094Out of Pocket$450Mortgage P&I$1,29862%Property Taxes$1527%Insurance$884%Management$31415%CapEx$844%Maintenance$844%Other$52425%

Investment Breakdown

|

Purchase Price

$246k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,681

Downpayment

20%

$49,220

Closing costs

1%

$2,461

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,094

Total Expenses

$2,544

Mortgage P&I

62%

$1,298

Property Taxes

7%

$152

Home Insurance

4%

$88

HOA

0%

$0

Property Management

15%

$314

CapEx

4%

$84

Vacancy

0%

$0

Maintenance

4%

$84

Other

25%

$524

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