REI Lense

REI Lense

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$2,485 (target)

5448 187th St W, Farmington, MN 55024

3 beds • 2 baths • 1785 sqft

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This property looks like a bad Long-Term investment with a projected -9.5% first-year return on $78,918 initial cash invested.

-9.5%

Cash On Cash

4.69%

Cap Rate

0.75

DSCR

$2,485

Rent

-$625

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,485 income − $3,110 expenses = $625 out of pocket

Income$2,485Out of Pocket$625Mortgage P&I$1,97079%Property Taxes$36415%Insurance$1315%Management$24810%CapEx$1245%Vacancy$1496%Maintenance$1245%

Investment Breakdown

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Purchase Price

$376k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,918

Downpayment

20%

$75,160

Closing costs

1%

$3,758

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,485

Total Expenses

$3,110

Mortgage P&I

79%

$1,970

Property Taxes

15%

$364

Home Insurance

5%

$131

HOA

0%

$0

Property Management

10%

$248

CapEx

5%

$124

Vacancy

6%

$149

Maintenance

5%

$124

Other

0%

$0

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