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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 -12.61% first-year return on $107k initial cash invested.

-12.61%

Cash On Cash

3.38%

Cap Rate

0.54

DSCR

$3,049

Rent

-$1,123

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,049 income − $4,172 expenses = $1,123 out of pocket

Income$3,049Out of Pocket$1,123Mortgage P&I$2,19272%Property Taxes$37012%Insurance$1475%Management$45715%CapEx$1224%Maintenance$1224%Other$76225%

Investment Breakdown

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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

$3,049

Total Expenses

$4,172

Mortgage P&I

72%

$2,192

Property Taxes

12%

$370

Home Insurance

5%

$147

HOA

0%

$0

Property Management

15%

$457

CapEx

4%

$122

Vacancy

0%

$0

Maintenance

4%

$122

Other

25%

$762

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