REI Lense

REI Lense

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$1,394 (target)

2202 Windsor Rd, Albert Lea, MN 56007

3 beds • 2 baths • 2416 sqft

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This property looks like a bad Long-Term investment with a projected -9.31% first-year return on $44,100 initial cash invested.

-9.31%

Cash On Cash

4.91%

Cap Rate

0.76

DSCR

$1,394

Rent

-$342

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,394 income − $1,736 expenses = $342 out of pocket

Income$1,394Out of Pocket$342Mortgage P&I$1,13281%Property Taxes$16712%Insurance$745%Management$13910%CapEx$705%Vacancy$846%Maintenance$705%

Investment Breakdown

|

Purchase Price

$210k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$44,100

Downpayment

20%

$42,000

Closing costs

1%

$2,100

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,394

Total Expenses

$1,736

Mortgage P&I

81%

$1,132

Property Taxes

12%

$167

Home Insurance

5%

$74

HOA

0%

$0

Property Management

10%

$139

CapEx

5%

$70

Vacancy

6%

$84

Maintenance

5%

$70

Other

0%

$0

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