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$3,816 (target)

6921 16th Ave S, Richfield, MN 55423

3 beds • 2 baths • 1369 sqft

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This property might be a fair Mid-Term investment with a projected 8.64% first-year return on $81,693 initial cash invested.

8.64%

Cash On Cash

8.88%

Cap Rate

1.49

DSCR

$3,816

Rent

$588

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,816 income − $3,228 expenses = $588 cash flow

Income$3,816Mortgage P&I$1,50339%Property Taxes$3228%Insurance$1053%Management$45812%CapEx$1534%Vacancy$1143%Maintenance$1534%Other$42011%Cash Flow$588

Investment Breakdown

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Purchase Price

$303k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,693

Downpayment

20%

$60,660

Closing costs

1%

$3,033

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,816

Total Expenses

$3,228

Mortgage P&I

39%

$1,503

Property Taxes

8%

$322

Home Insurance

3%

$105

HOA

0%

$0

Property Management

12%

$458

CapEx

4%

$153

Vacancy

3%

$114

Maintenance

4%

$153

Other

11%

$420

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