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$2,584 (target)

32900 Wabana Rd, Grand Rapids, MN 55744

3 beds • 3 baths • 1794 sqft

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This property might be a fair Mid-Term investment with a projected 9.71% first-year return on $57,690 initial cash invested.

9.71%

Cash On Cash

9.96%

Cap Rate

1.57

DSCR

$2,584

Rent

$467

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,584 income − $2,117 expenses = $467 cash flow

Income$2,584Mortgage P&I$99939%Property Taxes$823%Insurance$1586%Management$31012%CapEx$1034%Vacancy$783%Maintenance$1034%Other$28411%Cash Flow$467

Investment Breakdown

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Purchase Price

$189k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$57,690

Downpayment

20%

$37,800

Closing costs

1%

$1,890

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$2,584

Total Expenses

$2,117

Mortgage P&I

39%

$999

Property Taxes

3%

$82

Home Insurance

6%

$158

HOA

0%

$0

Property Management

12%

$310

CapEx

4%

$103

Vacancy

3%

$78

Maintenance

4%

$103

Other

11%

$284

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