REI Lense

REI Lense

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$2,306 (target)

601 SW 1st Ave, Grand Rapids, MN 55744

3 beds • 2 baths • 2470 sqft

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This property might be a fair Long-Term investment with a projected 6.64% first-year return on $42,084 initial cash invested.

6.64%

Cash On Cash

8.31%

Cap Rate

1.33

DSCR

$2,306

Rent

$233

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,306 income − $2,073 expenses = $233 cash flow

Income$2,306Mortgage P&I$1,04045%Property Taxes$36416%Insurance$703%Management$23110%CapEx$1155%Vacancy$1386%Maintenance$1155%Cash Flow$233

Investment Breakdown

|

Purchase Price

$200k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$42,084

Downpayment

20%

$40,080

Closing costs

1%

$2,004

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,306

Total Expenses

$2,073

Mortgage P&I

45%

$1,040

Property Taxes

16%

$364

Home Insurance

3%

$70

HOA

0%

$0

Property Management

10%

$231

CapEx

5%

$115

Vacancy

6%

$138

Maintenance

5%

$115

Other

0%

$0

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