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3111 Cleveland St NE, Minneapolis, MN 55418

3 beds • 2 baths • 1730 sqft

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This property looks like a bad Airbnb investment with a projected -14.38% first-year return on $112k initial cash invested.

-14.38%

Cash On Cash

3.55%

Cap Rate

0.52

DSCR

$3,481

Rent

-$1,343

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,481 income − $4,824 expenses = $1,343 out of pocket

Income$3,481Out of Pocket$1,343Mortgage P&I$2,53073%Property Taxes$46613%Insurance$1585%Management$52215%CapEx$1394%Maintenance$1394%Other$87025%

Investment Breakdown

|

Purchase Price

$448k

Downpayment

20.0%

Interest Rate

7.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$112k

Downpayment

20%

$89,600

Closing costs

1%

$4,480

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,481

Total Expenses

$4,824

Mortgage P&I

73%

$2,530

Property Taxes

13%

$466

Home Insurance

5%

$158

HOA

0%

$0

Property Management

15%

$522

CapEx

4%

$139

Vacancy

0%

$0

Maintenance

4%

$139

Other

25%

$870

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