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3422 Aldrich Ave N, Minneapolis, MN 55412

3 beds • 2 baths • 1366 sqft

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This property looks like a bad Airbnb investment with a projected -2.82% first-year return on $64,221 initial cash invested.

-2.82%

Cash On Cash

5.95%

Cap Rate

0.96

DSCR

$2,522

Rent

-$151

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,522 income − $2,673 expenses = $151 out of pocket

Income$2,522Out of Pocket$151Mortgage P&I$1,14245%Property Taxes$24410%Insurance$773%Management$37815%CapEx$1014%Maintenance$1014%Other$63025%

Investment Breakdown

|

Purchase Price

$220k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,221

Downpayment

20%

$44,020

Closing costs

1%

$2,201

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,522

Total Expenses

$2,673

Mortgage P&I

45%

$1,142

Property Taxes

10%

$244

Home Insurance

3%

$77

HOA

0%

$0

Property Management

15%

$378

CapEx

4%

$101

Vacancy

0%

$0

Maintenance

4%

$101

Other

25%

$630

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