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$3,459 (target)

601 SW 1st Ave, Grand Rapids, MN 55744

3 beds • 2 baths • 2470 sqft

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This property could be a profitable Mid-Term investment with a projected 16.18% first-year return on $60,084 initial cash invested.

16.18%

Cash On Cash

11.9%

Cap Rate

1.91

DSCR

$3,459

Rent

$810

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,459 income − $2,649 expenses = $810 cash flow

Income$3,459Mortgage P&I$1,04030%Property Taxes$36411%Insurance$702%Management$41512%CapEx$1384%Vacancy$1043%Maintenance$1384%Other$38011%Cash Flow$810

Investment Breakdown

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Purchase Price

$200k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$60,084

Downpayment

20%

$40,080

Closing costs

1%

$2,004

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$3,459

Total Expenses

$2,649

Mortgage P&I

30%

$1,040

Property Taxes

11%

$364

Home Insurance

2%

$70

HOA

0%

$0

Property Management

12%

$415

CapEx

4%

$138

Vacancy

3%

$104

Maintenance

4%

$138

Other

11%

$380

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