REI Lense

REI Lense

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$1,468 (target)

306 E 3rd St, Albert Lea, MN 56007

3 beds • 2 baths • 980 sqft

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This property looks like a bad Long-Term investment with a projected -4.1% first-year return on $41,244 initial cash invested.

-4.1%

Cash On Cash

5.85%

Cap Rate

0.93

DSCR

$1,468

Rent

-$141

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,468 income − $1,609 expenses = $141 out of pocket

Income$1,468Out of Pocket$141Mortgage P&I$1,02670%Property Taxes$1329%Insurance$705%Management$14710%CapEx$735%Vacancy$886%Maintenance$735%

Investment Breakdown

|

Purchase Price

$196k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$41,244

Downpayment

20%

$39,280

Closing costs

1%

$1,964

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,468

Total Expenses

$1,609

Mortgage P&I

70%

$1,026

Property Taxes

9%

$132

Home Insurance

5%

$70

HOA

0%

$0

Property Management

10%

$147

CapEx

5%

$73

Vacancy

6%

$88

Maintenance

5%

$73

Other

0%

$0

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