REI Lense

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$3,268 (target)

7220 Newton Ave S, Richfield, MN 55423

3 beds • 2 baths • 1834 sqft

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This property looks like a bad Mid-Term investment with a projected -4.23% first-year return on $96,750 initial cash invested.

-4.23%

Cash On Cash

5.48%

Cap Rate

0.89

DSCR

$3,268

Rent

-$341

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,268 income − $3,609 expenses = $341 out of pocket

Income$3,268Out of Pocket$341Mortgage P&I$1,92159%Property Taxes$44614%Insurance$1314%Management$39212%CapEx$1314%Vacancy$983%Maintenance$1314%Other$35911%

Investment Breakdown

|

Purchase Price

$375k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$96,750

Downpayment

20%

$75,000

Closing costs

1%

$3,750

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,268

Total Expenses

$3,609

Mortgage P&I

59%

$1,921

Property Taxes

14%

$446

Home Insurance

4%

$131

HOA

0%

$0

Property Management

12%

$392

CapEx

4%

$131

Vacancy

3%

$98

Maintenance

4%

$131

Other

11%

$359

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