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508 Spruce Grove Ln NW, Bemidji, MN 56601

3 beds • 3 baths • 2076 sqft

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This property looks like a bad Airbnb investment with a projected -12.58% first-year return on $89,673 initial cash invested.

-12.58%

Cash On Cash

2.93%

Cap Rate

0.49

DSCR

$2,160

Rent

-$940

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,160 income − $3,100 expenses = $940 out of pocket

Income$2,160Out of Pocket$940Mortgage P&I$1,68778%Property Taxes$25312%Insurance$1246%Management$32415%CapEx$864%Maintenance$864%Other$54025%

Investment Breakdown

|

Purchase Price

$341k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,673

Downpayment

20%

$68,260

Closing costs

1%

$3,413

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,160

Total Expenses

$3,100

Mortgage P&I

78%

$1,687

Property Taxes

12%

$253

Home Insurance

6%

$124

HOA

0%

$0

Property Management

15%

$324

CapEx

4%

$86

Vacancy

0%

$0

Maintenance

4%

$86

Other

25%

$540

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