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57 Luverne Ave, Minneapolis, MN 55419

3 beds • 2 baths • 2588 sqft

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This property looks like a bad Airbnb investment with a projected -18.38% first-year return on $149k initial cash invested.

-18.38%

Cash On Cash

1.76%

Cap Rate

0.3

DSCR

$3,376

Rent

-$2,287

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,376 income − $5,663 expenses = $2,287 out of pocket

Income$3,376Out of Pocket$2,287Mortgage P&I$3,07191%Property Taxes$76623%Insurance$2066%Management$50615%CapEx$1354%Maintenance$1354%Other$84425%

Investment Breakdown

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Purchase Price

$626k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$149k

Downpayment

20%

$125k

Closing costs

1%

$6,255

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,376

Total Expenses

$5,663

Mortgage P&I

91%

$3,071

Property Taxes

23%

$766

Home Insurance

6%

$206

HOA

0%

$0

Property Management

15%

$506

CapEx

4%

$135

Vacancy

0%

$0

Maintenance

4%

$135

Other

25%

$844

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