REI Lense

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26670 Iris Dr, Park Rapids, MN 56470

3 beds • 4 baths • 2388 sqft

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This property looks like a bad Airbnb investment with a projected -2.62% first-year return on $93,915 initial cash invested.

-2.62%

Cash On Cash

5.73%

Cap Rate

0.97

DSCR

$3,923

Rent

-$205

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$362k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$93,915

Downpayment

20%

$72,300

Closing costs

1%

$3,615

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,923

Total Expenses

$4,128

Mortgage P&I

45%

$1,775

Property Taxes

6%

$225

Home Insurance

6%

$245

HOA

0%

$0

Property Management

15%

$588

CapEx

4%

$157

Vacancy

0%

$0

Maintenance

4%

$157

Other

25%

$981

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