REI Lense

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$2,848 (target)

422 Chestnut Ave, Owatonna, MN 55060

3 beds • 2 baths • 1339 sqft

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This property might be a fair Mid-Term investment with a projected 8.88% first-year return on $63,633 initial cash invested.

8.88%

Cash On Cash

9.46%

Cap Rate

1.52

DSCR

$2,848

Rent

$471

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,848 income − $2,377 expenses = $471 cash flow

Income$2,848Mortgage P&I$1,12840%Property Taxes$2047%Insurance$773%Management$34212%CapEx$1144%Vacancy$853%Maintenance$1144%Other$31311%Cash Flow$471

Investment Breakdown

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Purchase Price

$217k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,633

Downpayment

20%

$43,460

Closing costs

1%

$2,173

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,848

Total Expenses

$2,377

Mortgage P&I

40%

$1,128

Property Taxes

7%

$204

Home Insurance

3%

$77

HOA

0%

$0

Property Management

12%

$342

CapEx

4%

$114

Vacancy

3%

$85

Maintenance

4%

$114

Other

11%

$313

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