REI Lense

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$2,404 (target)

3129 Florence Ln NW, Bemidji, MN 56601

3 beds • 2 baths • 2180 sqft

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This property looks like a bad Long-Term investment with a projected -11.29% first-year return on $86,919 initial cash invested.

-11.29%

Cash On Cash

3.99%

Cap Rate

0.66

DSCR

$2,404

Rent

-$818

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,404 income − $3,222 expenses = $818 out of pocket

Income$2,404Out of Pocket$818Mortgage P&I$2,07486%Property Taxes$38416%Insurance$1406%Management$24010%CapEx$1205%Vacancy$1446%Maintenance$1205%

Investment Breakdown

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Purchase Price

$414k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,919

Downpayment

20%

$82,780

Closing costs

1%

$4,139

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,404

Total Expenses

$3,222

Mortgage P&I

86%

$2,074

Property Taxes

16%

$384

Home Insurance

6%

$140

HOA

0%

$0

Property Management

10%

$240

CapEx

5%

$120

Vacancy

6%

$144

Maintenance

5%

$120

Other

0%

$0

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