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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 -13.43% first-year return on $116k initial cash invested.

-13.43%

Cash On Cash

2.95%

Cap Rate

0.5

DSCR

$3,362

Rent

-$1,299

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,362 income − $4,661 expenses = $1,299 out of pocket

Income$3,362Out of Pocket$1,299Mortgage P&I$2,31469%Property Taxes$56017%Insurance$1755%Management$50415%CapEx$1344%Maintenance$1344%Other$84025%

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

$3,362

Total Expenses

$4,661

Mortgage P&I

69%

$2,314

Property Taxes

17%

$560

Home Insurance

5%

$175

HOA

0%

$0

Property Management

15%

$504

CapEx

4%

$134

Vacancy

0%

$0

Maintenance

4%

$134

Other

25%

$840

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