REI Lense

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$3,315 (target)

6409 2nd Ave S, Richfield, MN 55423

3 beds • 2 baths • 2230 sqft

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This property looks like a bad Mid-Term investment with a projected -0.41% first-year return on $90,660 initial cash invested.

-0.41%

Cash On Cash

6.35%

Cap Rate

1.06

DSCR

$3,315

Rent

-$31

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,315 income − $3,346 expenses = $31 out of pocket

Income$3,315Out of Pocket$31Mortgage P&I$1,73052%Property Taxes$36611%Insurance$1224%Management$39812%CapEx$1334%Vacancy$993%Maintenance$1334%Other$36511%

Investment Breakdown

|

Purchase Price

$346k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$90,660

Downpayment

20%

$69,200

Closing costs

1%

$3,460

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,315

Total Expenses

$3,346

Mortgage P&I

52%

$1,730

Property Taxes

11%

$366

Home Insurance

4%

$122

HOA

0%

$0

Property Management

12%

$398

CapEx

4%

$133

Vacancy

3%

$99

Maintenance

4%

$133

Other

11%

$365

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