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6631 210th St W, Farmington, MN 55024

3 beds • 2 baths • 1545 sqft

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This property looks like a bad Airbnb investment with a projected -16.88% first-year return on $101k initial cash invested.

-16.88%

Cash On Cash

2%

Cap Rate

0.33

DSCR

$2,125

Rent

-$1,427

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,125 income − $3,552 expenses = $1,427 out of pocket

Income$2,125Out of Pocket$1,427Mortgage P&I$2,00494%Property Taxes$38818%Insurance$1407%Management$31915%CapEx$854%Maintenance$854%Other$53125%

Investment Breakdown

|

Purchase Price

$398k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$101k

Downpayment

20%

$79,500

Closing costs

1%

$3,975

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,125

Total Expenses

$3,552

Mortgage P&I

94%

$2,004

Property Taxes

18%

$388

Home Insurance

7%

$140

HOA

0%

$0

Property Management

15%

$319

CapEx

4%

$85

Vacancy

0%

$0

Maintenance

4%

$85

Other

25%

$531

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