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2953 9th Ave SE, Willmar, MN 56201

3 beds • 2 baths • 2104 sqft

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This property looks like a bad Airbnb investment with a projected -22.97% first-year return on $88,980 initial cash invested.

-22.97%

Cash On Cash

0.06%

Cap Rate

0.01

DSCR

$939

Rent

-$1,703

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$939 income − $2,642 expenses = $1,703 out of pocket

Income$939Out of Pocket$1,703Mortgage P&I$1,683179%Property Taxes$25327%Insurance$12013%HOA$13414%Management$14115%CapEx$384%Maintenance$384%Other$23525%

Investment Breakdown

|

Purchase Price

$338k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$88,980

Downpayment

20%

$67,600

Closing costs

1%

$3,380

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$939

Total Expenses

$2,642

Mortgage P&I

179%

$1,683

Property Taxes

27%

$253

Home Insurance

13%

$120

HOA

14%

$134

Property Management

15%

$141

CapEx

4%

$38

Vacancy

0%

$0

Maintenance

4%

$38

Other

25%

$235

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