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$3,734 (target)

7217 Grand Ave S, Richfield, MN 55423

3 beds • 2 baths • 1674 sqft

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This property might be a fair Mid-Term investment with a projected 1.98% first-year return on $93,327 initial cash invested.

1.98%

Cash On Cash

6.96%

Cap Rate

1.17

DSCR

$3,734

Rent

$154

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,734 income − $3,580 expenses = $154 cash flow

Income$3,734Mortgage P&I$1,77848%Property Taxes$40311%Insurance$1303%Management$44812%CapEx$1494%Vacancy$1123%Maintenance$1494%Other$41111%Cash Flow$154

Investment Breakdown

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Purchase Price

$359k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$93,327

Downpayment

20%

$71,740

Closing costs

1%

$3,587

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,734

Total Expenses

$3,580

Mortgage P&I

48%

$1,778

Property Taxes

11%

$403

Home Insurance

3%

$130

HOA

0%

$0

Property Management

12%

$448

CapEx

4%

$149

Vacancy

3%

$112

Maintenance

4%

$149

Other

11%

$411

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