REI Lense

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$1,942 (target)

358 E Amber Lake Dr, Fairmont, MN 56031

3 beds • 2 baths • 1140 sqft

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This property looks like a bad Mid-Term investment with a projected -5.86% first-year return on $73,104 initial cash invested.

-5.86%

Cash On Cash

4.67%

Cap Rate

0.79

DSCR

$1,942

Rent

-$357

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,942 income − $2,299 expenses = $357 out of pocket

Income$1,942Out of Pocket$357Mortgage P&I$1,30167%Property Taxes$24313%Insurance$945%Management$23312%CapEx$784%Vacancy$583%Maintenance$784%Other$21411%

Investment Breakdown

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Purchase Price

$262k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,104

Downpayment

20%

$52,480

Closing costs

1%

$2,624

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$1,942

Total Expenses

$2,299

Mortgage P&I

67%

$1,301

Property Taxes

13%

$243

Home Insurance

5%

$94

HOA

0%

$0

Property Management

12%

$233

CapEx

4%

$78

Vacancy

3%

$58

Maintenance

4%

$78

Other

11%

$214

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