REI Lense

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$3,768 (target)

30333 Sunny Beach Rd, Grand Rapids, MN 55744

3 beds • 3 baths • 3044 sqft

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This property looks like a bad Mid-Term investment with a projected -5.66% first-year return on $122k initial cash invested.

-5.66%

Cash On Cash

4.99%

Cap Rate

0.83

DSCR

$3,768

Rent

-$575

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,768 income − $4,343 expenses = $575 out of pocket

Income$3,768Out of Pocket$575Mortgage P&I$2,48366%Property Taxes$2998%Insurance$2807%Management$45212%CapEx$1514%Vacancy$1133%Maintenance$1514%Other$41411%

Investment Breakdown

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Purchase Price

$495k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$122k

Downpayment

20%

$98,960

Closing costs

1%

$4,948

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,768

Total Expenses

$4,343

Mortgage P&I

66%

$2,483

Property Taxes

8%

$299

Home Insurance

7%

$280

HOA

0%

$0

Property Management

12%

$452

CapEx

4%

$151

Vacancy

3%

$113

Maintenance

4%

$151

Other

11%

$414

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