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23104 Havelka Ct N, Forest Lake, MN 55025

3 beds • 2 baths • 2192 sqft

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This property looks like a bad Airbnb investment with a projected -10.12% first-year return on $107k initial cash invested.

-10.12%

Cash On Cash

4.06%

Cap Rate

0.65

DSCR

$3,477

Rent

-$901

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,477 income − $4,378 expenses = $901 out of pocket

Income$3,477Out of Pocket$901Mortgage P&I$2,19263%Property Taxes$37011%Insurance$1474%Management$52215%CapEx$1394%Maintenance$1394%Other$86925%

Investment Breakdown

|

Purchase Price

$423k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$107k

Downpayment

20%

$84,620

Closing costs

1%

$4,231

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,477

Total Expenses

$4,378

Mortgage P&I

63%

$2,192

Property Taxes

11%

$370

Home Insurance

4%

$147

HOA

0%

$0

Property Management

15%

$522

CapEx

4%

$139

Vacancy

0%

$0

Maintenance

4%

$139

Other

25%

$869

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