REI Lense

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$3,308 (target)

3024 Meridian Ave NE, Buffalo, MN 55313

3 beds • 2 baths • 2488 sqft

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This property looks like a bad Mid-Term investment with a projected -1.81% first-year return on $99,879 initial cash invested.

-1.81%

Cash On Cash

5.89%

Cap Rate

0.99

DSCR

$3,308

Rent

-$151

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,308 income − $3,459 expenses = $151 out of pocket

Income$3,308Out of Pocket$151Mortgage P&I$1,93358%Property Taxes$2668%Insurance$1364%Management$39712%CapEx$1324%Vacancy$993%Maintenance$1324%Other$36411%

Investment Breakdown

|

Purchase Price

$390k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$99,879

Downpayment

20%

$77,980

Closing costs

1%

$3,899

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,308

Total Expenses

$3,459

Mortgage P&I

58%

$1,933

Property Taxes

8%

$266

Home Insurance

4%

$136

HOA

0%

$0

Property Management

12%

$397

CapEx

4%

$132

Vacancy

3%

$99

Maintenance

4%

$132

Other

11%

$364

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