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361 Park Ave, Big Lake, MN 55309

3 beds • 2 baths • 2374 sqft

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This property looks like a bad Airbnb investment with a projected -3.49% first-year return on $89,400 initial cash invested.

-3.49%

Cash On Cash

5.64%

Cap Rate

0.93

DSCR

$3,618

Rent

-$260

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,618 income − $3,878 expenses = $260 out of pocket

Income$3,618Out of Pocket$260Mortgage P&I$1,71447%Property Taxes$3089%Insurance$1193%Management$54315%CapEx$1454%Maintenance$1454%Other$90425%

Investment Breakdown

|

Purchase Price

$340k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,400

Downpayment

20%

$68,000

Closing costs

1%

$3,400

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,618

Total Expenses

$3,878

Mortgage P&I

47%

$1,714

Property Taxes

9%

$308

Home Insurance

3%

$119

HOA

0%

$0

Property Management

15%

$543

CapEx

4%

$145

Vacancy

0%

$0

Maintenance

4%

$145

Other

25%

$904

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