REI Lense

REI Lense

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$1,899 (target)

422 Chestnut Ave, Owatonna, MN 55060

3 beds • 2 baths • 1339 sqft

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This property looks like a bad Long-Term investment with a projected -0.11% first-year return on $45,633 initial cash invested.

-0.11%

Cash On Cash

6.73%

Cap Rate

1.08

DSCR

$1,899

Rent

-$4

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,899 income − $1,903 expenses = $4 out of pocket

Income$1,899Out of Pocket$4Mortgage P&I$1,12859%Property Taxes$20411%Insurance$774%Management$19010%CapEx$955%Vacancy$1146%Maintenance$955%

Investment Breakdown

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Purchase Price

$217k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$45,633

Downpayment

20%

$43,460

Closing costs

1%

$2,173

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,899

Total Expenses

$1,903

Mortgage P&I

59%

$1,128

Property Taxes

11%

$204

Home Insurance

4%

$77

HOA

0%

$0

Property Management

10%

$190

CapEx

5%

$95

Vacancy

6%

$114

Maintenance

5%

$95

Other

0%

$0

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