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$2,908 (target)

7045 Oliver Ave S, Richfield, MN 55423

3 beds • 2 baths • 2522 sqft

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This property looks like a bad Long-Term investment with a projected -10.97% first-year return on $98,049 initial cash invested.

-10.97%

Cash On Cash

4.02%

Cap Rate

0.68

DSCR

$2,908

Rent

-$896

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,908 income − $3,804 expenses = $896 out of pocket

Income$2,908Out of Pocket$896Mortgage P&I$2,31480%Property Taxes$56019%Insurance$1756%Management$29110%CapEx$1455%Vacancy$1746%Maintenance$1455%

Investment Breakdown

|

Purchase Price

$467k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$98,049

Downpayment

20%

$93,380

Closing costs

1%

$4,669

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,908

Total Expenses

$3,804

Mortgage P&I

80%

$2,314

Property Taxes

19%

$560

Home Insurance

6%

$175

HOA

0%

$0

Property Management

10%

$291

CapEx

5%

$145

Vacancy

6%

$174

Maintenance

5%

$145

Other

0%

$0

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