REI Lense

REI Lense

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$3,203 (target)

6435 Vernon Ave S #0, Minneapolis, MN 55436

3 beds • 3 baths • 2481 sqft

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This property looks like a bad Long-Term investment with a projected -9.03% first-year return on $107k initial cash invested.

-9.03%

Cash On Cash

4.52%

Cap Rate

0.75

DSCR

$3,203

Rent

-$803

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,203 income − $4,006 expenses = $803 out of pocket

Income$3,203Out of Pocket$803Mortgage P&I$2,55980%Property Taxes$44714%Insurance$1685%Management$32010%CapEx$1605%Vacancy$1926%Maintenance$1605%

Investment Breakdown

|

Purchase Price

$508k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$107k

Downpayment

20%

$102k

Closing costs

1%

$5,083

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,203

Total Expenses

$4,006

Mortgage P&I

80%

$2,559

Property Taxes

14%

$447

Home Insurance

5%

$168

HOA

0%

$0

Property Management

10%

$320

CapEx

5%

$160

Vacancy

6%

$192

Maintenance

5%

$160

Other

0%

$0

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