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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 -8.47% first-year return on $91,479 initial cash invested.

-8.47%

Cash On Cash

4.12%

Cap Rate

0.7

DSCR

$3,035

Rent

-$646

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,035 income − $3,681 expenses = $646 out of pocket

Income$3,035Out of Pocket$646Mortgage P&I$1,72657%Property Taxes$37712%Insurance$1224%Management$45515%CapEx$1214%Maintenance$1214%Other$75925%

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

$3,035

Total Expenses

$3,681

Mortgage P&I

57%

$1,726

Property Taxes

12%

$377

Home Insurance

4%

$122

HOA

0%

$0

Property Management

15%

$455

CapEx

4%

$121

Vacancy

0%

$0

Maintenance

4%

$121

Other

25%

$759

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