REI Lense

REI Lense

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$2,510 (target)

615 Grace St, Albert Lea, MN 56007

3 beds • 2 baths • 1832 sqft

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This property looks like a bad Mid-Term investment with a projected -10.44% first-year return on $97,107 initial cash invested.

-10.44%

Cash On Cash

3.76%

Cap Rate

0.61

DSCR

$2,510

Rent

-$845

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,510 income − $3,355 expenses = $845 out of pocket

Income$2,510Out of Pocket$845Mortgage P&I$1,92577%Property Taxes$44218%Insurance$1365%Management$30112%CapEx$1004%Vacancy$753%Maintenance$1004%Other$27611%

Investment Breakdown

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Purchase Price

$377k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$97,107

Downpayment

20%

$75,340

Closing costs

1%

$3,767

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,510

Total Expenses

$3,355

Mortgage P&I

77%

$1,925

Property Taxes

18%

$442

Home Insurance

5%

$136

HOA

0%

$0

Property Management

12%

$301

CapEx

4%

$100

Vacancy

3%

$75

Maintenance

4%

$100

Other

11%

$276

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