REI Lense

REI Lense

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$2,489 (target)

7217 Grand Ave S, Richfield, MN 55423

3 beds • 2 baths • 1674 sqft

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This property looks like a bad Long-Term investment with a projected -7.46% first-year return on $75,327 initial cash invested.

-7.46%

Cash On Cash

4.8%

Cap Rate

0.81

DSCR

$2,489

Rent

-$468

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,489 income − $2,957 expenses = $468 out of pocket

Income$2,489Out of Pocket$468Mortgage P&I$1,77871%Property Taxes$40316%Insurance$1305%Management$24910%CapEx$1245%Vacancy$1496%Maintenance$1245%

Investment Breakdown

|

Purchase Price

$359k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,327

Downpayment

20%

$71,740

Closing costs

1%

$3,587

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,489

Total Expenses

$2,957

Mortgage P&I

71%

$1,778

Property Taxes

16%

$403

Home Insurance

5%

$130

HOA

0%

$0

Property Management

10%

$249

CapEx

5%

$124

Vacancy

6%

$149

Maintenance

5%

$124

Other

0%

$0

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