REI Lense

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$2,202 (target)

306 E 3rd St, Albert Lea, MN 56007

3 beds • 2 baths • 980 sqft

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This property might be a fair Mid-Term investment with a projected 4.58% first-year return on $59,244 initial cash invested.

4.58%

Cash On Cash

8.19%

Cap Rate

1.31

DSCR

$2,202

Rent

$226

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,202 income − $1,976 expenses = $226 cash flow

Income$2,202Mortgage P&I$1,02647%Property Taxes$1326%Insurance$703%Management$26412%CapEx$884%Vacancy$663%Maintenance$884%Other$24211%Cash Flow$226

Investment Breakdown

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Purchase Price

$196k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,244

Downpayment

20%

$39,280

Closing costs

1%

$1,964

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,202

Total Expenses

$1,976

Mortgage P&I

47%

$1,026

Property Taxes

6%

$132

Home Insurance

3%

$70

HOA

0%

$0

Property Management

12%

$264

CapEx

4%

$88

Vacancy

3%

$66

Maintenance

4%

$88

Other

11%

$242

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