REI Lense

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$4,568 (target)

2222 Black Oak Dr, Minnetonka, MN 55305

3 beds • 3 baths • 1818 sqft

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This property looks like a bad Mid-Term investment with a projected -3.15% first-year return on $121k initial cash invested.

-3.15%

Cash On Cash

6.2%

Cap Rate

0.95

DSCR

$4,568

Rent

-$318

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,568 income − $4,886 expenses = $318 out of pocket

Income$4,568Out of Pocket$318Mortgage P&I$2,67058%Property Taxes$49311%Insurance$1704%Management$54812%CapEx$1834%Vacancy$1373%Maintenance$1834%Other$50211%

Investment Breakdown

|

Purchase Price

$490k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$121k

Downpayment

20%

$98,080

Closing costs

1%

$4,904

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,568

Total Expenses

$4,886

Mortgage P&I

58%

$2,670

Property Taxes

11%

$493

Home Insurance

4%

$170

HOA

0%

$0

Property Management

12%

$548

CapEx

4%

$183

Vacancy

3%

$137

Maintenance

4%

$183

Other

11%

$502

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