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7045 Oliver Ave S, Richfield, MN 55423

3 beds • 2 baths • 2522 sqft

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This property looks like a bad Airbnb investment with a projected -13.74% first-year return on $116k initial cash invested.

-13.74%

Cash On Cash

2.87%

Cap Rate

0.48

DSCR

$3,306

Rent

-$1,329

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,306 income − $4,635 expenses = $1,329 out of pocket

Income$3,306Out of Pocket$1,329Mortgage P&I$2,31470%Property Taxes$56017%Insurance$1755%Management$49615%CapEx$1324%Maintenance$1324%Other$82625%

Investment Breakdown

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Purchase Price

$467k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$116k

Downpayment

20%

$93,380

Closing costs

1%

$4,669

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,306

Total Expenses

$4,635

Mortgage P&I

70%

$2,314

Property Taxes

17%

$560

Home Insurance

5%

$175

HOA

0%

$0

Property Management

15%

$496

CapEx

4%

$132

Vacancy

0%

$0

Maintenance

4%

$132

Other

25%

$826

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