REI Lense

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$2,810 (target)

403 W Margaret St, Fairmont, MN 56031

3 beds • 3 baths • 2090 sqft

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This property looks like a bad Mid-Term investment with a projected -4.41% first-year return on $91,479 initial cash invested.

-4.41%

Cash On Cash

5.18%

Cap Rate

0.87

DSCR

$2,810

Rent

-$336

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,810 income − $3,146 expenses = $336 out of pocket

Income$2,810Out of Pocket$336Mortgage P&I$1,73462%Property Taxes$33612%Insurance$1224%Management$33712%CapEx$1124%Vacancy$843%Maintenance$1124%Other$30911%

Investment Breakdown

|

Purchase Price

$350k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,479

Downpayment

20%

$69,980

Closing costs

1%

$3,499

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,810

Total Expenses

$3,146

Mortgage P&I

62%

$1,734

Property Taxes

12%

$336

Home Insurance

4%

$122

HOA

0%

$0

Property Management

12%

$337

CapEx

4%

$112

Vacancy

3%

$84

Maintenance

4%

$112

Other

11%

$309

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