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$3,154 (target)

3558 Independence Ave N, New Hope, MN 55427

3 beds • 2 baths • 1976 sqft

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This property might be a fair Mid-Term investment with a projected 1.04% first-year return on $82,092 initial cash invested.

1.04%

Cash On Cash

6.82%

Cap Rate

1.13

DSCR

$3,154

Rent

$71

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,154 income − $3,083 expenses = $71 cash flow

Income$3,154Mortgage P&I$1,53749%Property Taxes$37212%Insurance$1023%Management$37812%CapEx$1264%Vacancy$953%Maintenance$1264%Other$34711%Cash Flow$71

Investment Breakdown

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Purchase Price

$305k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$82,092

Downpayment

20%

$61,040

Closing costs

1%

$3,052

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,154

Total Expenses

$3,083

Mortgage P&I

49%

$1,537

Property Taxes

12%

$372

Home Insurance

3%

$102

HOA

0%

$0

Property Management

12%

$378

CapEx

4%

$126

Vacancy

3%

$95

Maintenance

4%

$126

Other

11%

$347

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