REI Lense

REI Lense

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$2,205 (target)

3024 Meridian Ave NE, Buffalo, MN 55313

3 beds • 2 baths • 2488 sqft

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This property looks like a bad Long-Term investment with a projected -10.29% first-year return on $81,879 initial cash invested.

-10.29%

Cash On Cash

4.13%

Cap Rate

0.69

DSCR

$2,205

Rent

-$702

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,205 income − $2,907 expenses = $702 out of pocket

Income$2,205Out of Pocket$702Mortgage P&I$1,93388%Property Taxes$26612%Insurance$1366%Management$22010%CapEx$1105%Vacancy$1326%Maintenance$1105%

Investment Breakdown

|

Purchase Price

$390k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,879

Downpayment

20%

$77,980

Closing costs

1%

$3,899

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,205

Total Expenses

$2,907

Mortgage P&I

88%

$1,933

Property Taxes

12%

$266

Home Insurance

6%

$136

HOA

0%

$0

Property Management

10%

$220

CapEx

5%

$110

Vacancy

6%

$132

Maintenance

5%

$110

Other

0%

$0

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