REI Lense

REI Lense

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$1,508 (target)

2130 Grand Ave, Albert Lea, MN 56007

3 beds • 2 baths • 1667 sqft

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This property looks like a bad Long-Term investment with a projected -9.78% first-year return on $51,681 initial cash invested.

-9.78%

Cash On Cash

4.64%

Cap Rate

0.73

DSCR

$1,508

Rent

-$421

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,508 income − $1,929 expenses = $421 out of pocket

Income$1,508Out of Pocket$421Mortgage P&I$1,29886%Property Taxes$15210%Insurance$886%Management$15110%CapEx$755%Vacancy$906%Maintenance$755%

Investment Breakdown

|

Purchase Price

$246k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$51,681

Downpayment

20%

$49,220

Closing costs

1%

$2,461

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,508

Total Expenses

$1,929

Mortgage P&I

86%

$1,298

Property Taxes

10%

$152

Home Insurance

6%

$88

HOA

0%

$0

Property Management

10%

$151

CapEx

5%

$75

Vacancy

6%

$90

Maintenance

5%

$75

Other

0%

$0

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