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3940 Richfield Rd, Minneapolis, MN 55410

3 beds • 4 baths • 3133 sqft

$1,095,000

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This property looks like a bad Airbnb investment with a projected -14.94% first-year return on $248k initial cash invested.

-14.94%

Cash On Cash

2.99%

Cap Rate

0.5

DSCR

$7,749

Rent

-$3,087

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$1095k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$248k

Downpayment

20%

$219k

Closing costs

1%

$10,950

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$7,749

Total Expenses

$10,836

Mortgage P&I

71%

$5,504

Property Taxes

16%

$1,230

Home Insurance

5%

$383

HOA

0%

$0

Property Management

15%

$1,162

CapEx

4%

$310

Vacancy

0%

$0

Maintenance

4%

$310

Other

25%

$1,937

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