REI Lense

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$1,617 (target)

620 Mound Ave, Mankato, MN 56001

3 beds • 2 baths • 1911 sqft

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This property looks like a bad Long-Term investment with a projected -7.03% first-year return on $55,503 initial cash invested.

-7.03%

Cash On Cash

5.09%

Cap Rate

0.82

DSCR

$1,617

Rent

-$325

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,617 income − $1,942 expenses = $325 out of pocket

Income$1,617Out of Pocket$325Mortgage P&I$1,36584%Property Taxes$624%Insurance$946%Management$16210%CapEx$815%Vacancy$976%Maintenance$815%

Investment Breakdown

|

Purchase Price

$264k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$55,503

Downpayment

20%

$52,860

Closing costs

1%

$2,643

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,617

Total Expenses

$1,942

Mortgage P&I

84%

$1,365

Property Taxes

4%

$62

Home Insurance

6%

$94

HOA

0%

$0

Property Management

10%

$162

CapEx

5%

$81

Vacancy

6%

$97

Maintenance

5%

$81

Other

0%

$0

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