REI Lense

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$1,550 (target)

21950 733rd Ave, Albert Lea, MN 56007

3 beds • 3 baths • 1644 sqft

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This property looks like a bad Long-Term investment with a projected -16.05% first-year return on $68,502 initial cash invested.

-16.05%

Cash On Cash

3.05%

Cap Rate

0.5

DSCR

$1,550

Rent

-$916

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,550 income − $2,466 expenses = $916 out of pocket

Income$1,550Out of Pocket$916Mortgage P&I$1,667108%Property Taxes$27618%Insurance$1198%Management$15510%CapEx$785%Vacancy$936%Maintenance$785%

Investment Breakdown

|

Purchase Price

$326k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,502

Downpayment

20%

$65,240

Closing costs

1%

$3,262

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,550

Total Expenses

$2,466

Mortgage P&I

108%

$1,667

Property Taxes

18%

$276

Home Insurance

8%

$119

HOA

0%

$0

Property Management

10%

$155

CapEx

5%

$78

Vacancy

6%

$93

Maintenance

5%

$78

Other

0%

$0

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