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$2,103 (target)

3558 Independence Ave N, New Hope, MN 55427

3 beds • 2 baths • 1976 sqft

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This property looks like a bad Long-Term investment with a projected -8.5% first-year return on $64,092 initial cash invested.

-8.5%

Cash On Cash

4.67%

Cap Rate

0.77

DSCR

$2,103

Rent

-$454

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,103 income − $2,557 expenses = $454 out of pocket

Income$2,103Out of Pocket$454Mortgage P&I$1,53773%Property Taxes$37218%Insurance$1025%Management$21010%CapEx$1055%Vacancy$1266%Maintenance$1055%

Investment Breakdown

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Purchase Price

$305k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,092

Downpayment

20%

$61,040

Closing costs

1%

$3,052

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,103

Total Expenses

$2,557

Mortgage P&I

73%

$1,537

Property Taxes

18%

$372

Home Insurance

5%

$102

HOA

0%

$0

Property Management

10%

$210

CapEx

5%

$105

Vacancy

6%

$126

Maintenance

5%

$105

Other

0%

$0

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