REI Lense

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$2,854 (target)

5312 Rhode Island Ave N, New Hope, MN 55428

3 beds • 2 baths • 2000 sqft

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This property looks like a bad Long-Term investment with a projected -6.48% first-year return on $82,257 initial cash invested.

-6.48%

Cash On Cash

5.08%

Cap Rate

0.85

DSCR

$2,854

Rent

-$444

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,854 income − $3,298 expenses = $444 out of pocket

Income$2,854Out of Pocket$444Mortgage P&I$1,95869%Property Taxes$46316%Insurance$1355%Management$28510%CapEx$1435%Vacancy$1716%Maintenance$1435%

Investment Breakdown

|

Purchase Price

$392k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$82,257

Downpayment

20%

$78,340

Closing costs

1%

$3,917

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,854

Total Expenses

$3,298

Mortgage P&I

69%

$1,958

Property Taxes

16%

$463

Home Insurance

5%

$135

HOA

0%

$0

Property Management

10%

$285

CapEx

5%

$143

Vacancy

6%

$171

Maintenance

5%

$143

Other

0%

$0

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