REI Lense

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$1,723 (target)

32900 Wabana Rd, Grand Rapids, MN 55744

3 beds • 3 baths • 1794 sqft

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This property might be a fair Long-Term investment with a projected 1.12% first-year return on $39,690 initial cash invested.

1.12%

Cash On Cash

7.12%

Cap Rate

1.12

DSCR

$1,723

Rent

$37

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,723 income − $1,686 expenses = $37 cash flow

Income$1,723Mortgage P&I$99958%Property Taxes$825%Insurance$1589%Management$17210%CapEx$865%Vacancy$1036%Maintenance$865%Cash Flow$37

Investment Breakdown

|

Purchase Price

$189k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$39,690

Downpayment

20%

$37,800

Closing costs

1%

$1,890

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,723

Total Expenses

$1,686

Mortgage P&I

58%

$999

Property Taxes

5%

$82

Home Insurance

9%

$158

HOA

0%

$0

Property Management

10%

$172

CapEx

5%

$86

Vacancy

6%

$103

Maintenance

5%

$86

Other

0%

$0

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