REI Lense

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$3,098 (target)

2722 Garfield St NE, Minneapolis, MN 55418

3 beds • 2 baths • 1708 sqft

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This property looks like a bad Mid-Term investment with a projected -6.76% first-year return on $101k initial cash invested.

-6.76%

Cash On Cash

4.78%

Cap Rate

0.78

DSCR

$3,098

Rent

-$568

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,098 income − $3,666 expenses = $568 out of pocket

Income$3,098Out of Pocket$568Mortgage P&I$2,01565%Property Taxes$43914%Insurance$1585%Management$37212%CapEx$1244%Vacancy$933%Maintenance$1244%Other$34111%

Investment Breakdown

|

Purchase Price

$394k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$101k

Downpayment

20%

$78,840

Closing costs

1%

$3,942

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,098

Total Expenses

$3,666

Mortgage P&I

65%

$2,015

Property Taxes

14%

$439

Home Insurance

5%

$158

HOA

0%

$0

Property Management

12%

$372

CapEx

4%

$124

Vacancy

3%

$93

Maintenance

4%

$124

Other

11%

$341

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