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3590 Laverne Ave N, Lake Elmo, MN 55042

3 beds • 3 baths • 2336 sqft

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This property might be a fair Airbnb investment with a projected 1.24% first-year return on $102k initial cash invested.

1.24%

Cash On Cash

6.74%

Cap Rate

1.15

DSCR

$4,718

Rent

$105

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$400k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$102k

Downpayment

20%

$80,000

Closing costs

1%

$4,000

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,718

Total Expenses

$4,613

Mortgage P&I

41%

$1,953

Property Taxes

5%

$254

Home Insurance

3%

$140

HOA

0%

$0

Property Management

15%

$708

CapEx

4%

$189

Vacancy

0%

$0

Maintenance

4%

$189

Other

25%

$1,180

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