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6624 Columbus Ave S, Richfield, MN 55423

3 beds • 2 baths • 1790 sqft

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This property looks like a bad Airbnb investment with a projected -8.12% first-year return on $91,479 initial cash invested.

-8.12%

Cash On Cash

4.22%

Cap Rate

0.71

DSCR

$3,087

Rent

-$619

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,087 income − $3,706 expenses = $619 out of pocket

Income$3,087Out of Pocket$619Mortgage P&I$1,72656%Property Taxes$37712%Insurance$1224%Management$46315%CapEx$1234%Maintenance$1234%Other$77225%

Investment Breakdown

|

Purchase Price

$350k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,479

Downpayment

20%

$69,980

Closing costs

1%

$3,499

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,087

Total Expenses

$3,706

Mortgage P&I

56%

$1,726

Property Taxes

12%

$377

Home Insurance

4%

$122

HOA

0%

$0

Property Management

15%

$463

CapEx

4%

$123

Vacancy

0%

$0

Maintenance

4%

$123

Other

25%

$772

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