REI Lense

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$2,426 (target)

620 Mound Ave, Mankato, MN 56001

3 beds • 2 baths • 1911 sqft

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This property might be a fair Mid-Term investment with a projected 1.31% first-year return on $73,503 initial cash invested.

1.31%

Cash On Cash

7%

Cap Rate

1.13

DSCR

$2,426

Rent

$80

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,426 income − $2,346 expenses = $80 cash flow

Income$2,426Mortgage P&I$1,36556%Property Taxes$623%Insurance$944%Management$29112%CapEx$974%Vacancy$733%Maintenance$974%Other$26711%Cash Flow$80

Investment Breakdown

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Purchase Price

$264k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,503

Downpayment

20%

$52,860

Closing costs

1%

$2,643

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,426

Total Expenses

$2,346

Mortgage P&I

56%

$1,365

Property Taxes

3%

$62

Home Insurance

4%

$94

HOA

0%

$0

Property Management

12%

$291

CapEx

4%

$97

Vacancy

3%

$73

Maintenance

4%

$97

Other

11%

$267

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