REI Lense

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$3,045 (target)

2222 Black Oak Dr, Minnetonka, MN 55305

3 beds • 3 baths • 1818 sqft

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This property looks like a bad Long-Term investment with a projected -12.57% first-year return on $103k initial cash invested.

-12.57%

Cash On Cash

4.27%

Cap Rate

0.65

DSCR

$3,045

Rent

-$1,079

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,045 income − $4,124 expenses = $1,079 out of pocket

Income$3,045Out of Pocket$1,079Mortgage P&I$2,67088%Property Taxes$49316%Insurance$1706%Management$30410%CapEx$1525%Vacancy$1836%Maintenance$1525%

Investment Breakdown

|

Purchase Price

$490k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$103k

Downpayment

20%

$98,080

Closing costs

1%

$4,904

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,045

Total Expenses

$4,124

Mortgage P&I

88%

$2,670

Property Taxes

16%

$493

Home Insurance

6%

$170

HOA

0%

$0

Property Management

10%

$304

CapEx

5%

$152

Vacancy

6%

$183

Maintenance

5%

$152

Other

0%

$0

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