REI Lense

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$3,496 (target)

437 Crescent Dr, Albert Lea, MN 56007

3 beds • 2 baths • 3199 sqft

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This property looks like a bad Mid-Term investment with a projected -3.4% first-year return on $97,296 initial cash invested.

-3.4%

Cash On Cash

5.57%

Cap Rate

0.93

DSCR

$3,496

Rent

-$276

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,496 income − $3,772 expenses = $276 out of pocket

Income$3,496Out of Pocket$276Mortgage P&I$1,88854%Property Taxes$54516%Insurance$1494%Management$42012%CapEx$1404%Vacancy$1053%Maintenance$1404%Other$38511%

Investment Breakdown

|

Purchase Price

$378k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$97,296

Downpayment

20%

$75,520

Closing costs

1%

$3,776

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,496

Total Expenses

$3,772

Mortgage P&I

54%

$1,888

Property Taxes

16%

$545

Home Insurance

4%

$149

HOA

0%

$0

Property Management

12%

$420

CapEx

4%

$140

Vacancy

3%

$105

Maintenance

4%

$140

Other

11%

$385

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