REI Lense

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$2,210 (target)

6409 2nd Ave S, Richfield, MN 55423

3 beds • 2 baths • 2230 sqft

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This property looks like a bad Long-Term investment with a projected -9.61% first-year return on $72,660 initial cash invested.

-9.61%

Cash On Cash

4.36%

Cap Rate

0.73

DSCR

$2,210

Rent

-$582

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,210 income − $2,792 expenses = $582 out of pocket

Income$2,210Out of Pocket$582Mortgage P&I$1,73078%Property Taxes$36617%Insurance$1226%Management$22110%CapEx$1105%Vacancy$1336%Maintenance$1105%

Investment Breakdown

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Purchase Price

$346k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,660

Downpayment

20%

$69,200

Closing costs

1%

$3,460

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,210

Total Expenses

$2,792

Mortgage P&I

78%

$1,730

Property Taxes

17%

$366

Home Insurance

6%

$122

HOA

0%

$0

Property Management

10%

$221

CapEx

5%

$110

Vacancy

6%

$133

Maintenance

5%

$110

Other

0%

$0

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