REI Lense

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$2,199 (target)

4230 220th St W, Farmington, MN 55024

3 beds • 2 baths • 1976 sqft

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This property looks like a bad Long-Term investment with a projected -7.63% first-year return on $72,492 initial cash invested.

-7.63%

Cash On Cash

4.76%

Cap Rate

0.8

DSCR

$2,199

Rent

-$461

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,199 income − $2,660 expenses = $461 out of pocket

Income$2,199Out of Pocket$461Mortgage P&I$1,71978%Property Taxes$24811%Insurance$1216%Management$22010%CapEx$1105%Vacancy$1326%Maintenance$1105%

Investment Breakdown

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Purchase Price

$345k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,492

Downpayment

20%

$69,040

Closing costs

1%

$3,452

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,199

Total Expenses

$2,660

Mortgage P&I

78%

$1,719

Property Taxes

11%

$248

Home Insurance

6%

$121

HOA

0%

$0

Property Management

10%

$220

CapEx

5%

$110

Vacancy

6%

$132

Maintenance

5%

$110

Other

0%

$0

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