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5841 Boone Ave N, New Hope, MN 55428

3 beds • 2 baths • 2112 sqft

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This property looks like a bad Airbnb investment with a projected -21.22% first-year return on $96,624 initial cash invested.

-21.22%

Cash On Cash

0.76%

Cap Rate

0.13

DSCR

$1,464

Rent

-$1,709

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,464 income − $3,173 expenses = $1,709 out of pocket

Income$1,464Out of Pocket$1,709Mortgage P&I$1,887129%Property Taxes$45131%Insurance$1319%Management$22015%CapEx$594%Maintenance$594%Other$36625%

Investment Breakdown

|

Purchase Price

$374k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$96,624

Downpayment

20%

$74,880

Closing costs

1%

$3,744

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$1,464

Total Expenses

$3,173

Mortgage P&I

129%

$1,887

Property Taxes

31%

$451

Home Insurance

9%

$131

HOA

0%

$0

Property Management

15%

$220

CapEx

4%

$59

Vacancy

0%

$0

Maintenance

4%

$59

Other

25%

$366

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