REI Lense

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$3,696 (target)

24930 Cedar Ave, Farmington, MN 55024

3 beds • 2 baths • 1647 sqft

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This property looks like a bad Mid-Term investment with a projected -0.15% first-year return on $96,456 initial cash invested.

-0.15%

Cash On Cash

6.85%

Cap Rate

1.07

DSCR

$3,696

Rent

-$12

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,696 income − $3,708 expenses = $12 out of pocket

Income$3,696Out of Pocket$12Mortgage P&I$1,99654%Property Taxes$3078%Insurance$1474%Management$44412%CapEx$1484%Vacancy$1113%Maintenance$1484%Other$40711%

Investment Breakdown

|

Purchase Price

$374k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$96,456

Downpayment

20%

$74,720

Closing costs

1%

$3,736

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,696

Total Expenses

$3,708

Mortgage P&I

54%

$1,996

Property Taxes

8%

$307

Home Insurance

4%

$147

HOA

0%

$0

Property Management

12%

$444

CapEx

4%

$148

Vacancy

3%

$111

Maintenance

4%

$148

Other

11%

$407

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