REI Lense

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$3,820 (target)

6245 Irving Ave S, Richfield, MN 55423

3 beds • 3 baths • 2008 sqft

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This property looks like a bad Mid-Term investment with a projected -2.47% first-year return on $104k initial cash invested.

-2.47%

Cash On Cash

6.14%

Cap Rate

0.97

DSCR

$3,820

Rent

-$215

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,820 income − $4,035 expenses = $215 out of pocket

Income$3,820Out of Pocket$215Mortgage P&I$2,16557%Property Taxes$42811%Insurance$1434%Management$45812%CapEx$1534%Vacancy$1153%Maintenance$1534%Other$42011%

Investment Breakdown

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Purchase Price

$411k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$104k

Downpayment

20%

$82,260

Closing costs

1%

$4,113

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,820

Total Expenses

$4,035

Mortgage P&I

57%

$2,165

Property Taxes

11%

$428

Home Insurance

4%

$143

HOA

0%

$0

Property Management

12%

$458

CapEx

4%

$153

Vacancy

3%

$115

Maintenance

4%

$153

Other

11%

$420

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