REI Lense

REI Lense

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$2,229 (target)

2434 Irving Ave N, Minneapolis, MN 55411

3 beds • 2 baths • 1955 sqft

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This property looks like a bad Long-Term investment with a projected -6.8% first-year return on $62,979 initial cash invested.

-6.8%

Cash On Cash

5.07%

Cap Rate

0.84

DSCR

$2,229

Rent

-$357

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,229 income − $2,586 expenses = $357 out of pocket

Income$2,229Out of Pocket$357Mortgage P&I$1,51268%Property Taxes$39017%Insurance$1055%Management$22310%CapEx$1115%Vacancy$1346%Maintenance$1115%

Investment Breakdown

|

Purchase Price

$300k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$62,979

Downpayment

20%

$59,980

Closing costs

1%

$2,999

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,229

Total Expenses

$2,586

Mortgage P&I

68%

$1,512

Property Taxes

18%

$390

Home Insurance

5%

$105

HOA

0%

$0

Property Management

10%

$223

CapEx

5%

$111

Vacancy

6%

$134

Maintenance

5%

$111

Other

0%

$0

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