REI Lense

REI Lense

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$2,281 (target)

409 Main St S, Saint Michael, MN 55376

3 beds • 3 baths • 2672 sqft

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This property looks like a bad Long-Term investment with a projected -5.2% first-year return on $67,116 initial cash invested.

-5.2%

Cash On Cash

5.38%

Cap Rate

0.89

DSCR

$2,281

Rent

-$291

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,281 income − $2,572 expenses = $291 out of pocket

Income$2,281Out of Pocket$291Mortgage P&I$1,61171%Property Taxes$23810%Insurance$1306%Management$22810%CapEx$1145%Vacancy$1376%Maintenance$1145%

Investment Breakdown

|

Purchase Price

$320k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,116

Downpayment

20%

$63,920

Closing costs

1%

$3,196

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,281

Total Expenses

$2,572

Mortgage P&I

71%

$1,611

Property Taxes

10%

$238

Home Insurance

6%

$130

HOA

0%

$0

Property Management

10%

$228

CapEx

5%

$114

Vacancy

6%

$137

Maintenance

5%

$114

Other

0%

$0

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