REI Lense

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$2,179 (target)

7220 Newton Ave S, Richfield, MN 55423

3 beds • 2 baths • 1834 sqft

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This property looks like a bad Long-Term investment with a projected -13.5% first-year return on $78,750 initial cash invested.

-13.5%

Cash On Cash

3.66%

Cap Rate

0.6

DSCR

$2,179

Rent

-$886

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,179 income − $3,065 expenses = $886 out of pocket

Income$2,179Out of Pocket$886Mortgage P&I$1,92188%Property Taxes$44620%Insurance$1316%Management$21810%CapEx$1095%Vacancy$1316%Maintenance$1095%

Investment Breakdown

|

Purchase Price

$375k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,750

Downpayment

20%

$75,000

Closing costs

1%

$3,750

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,179

Total Expenses

$3,065

Mortgage P&I

88%

$1,921

Property Taxes

20%

$446

Home Insurance

6%

$131

HOA

0%

$0

Property Management

10%

$218

CapEx

5%

$109

Vacancy

6%

$131

Maintenance

5%

$109

Other

0%

$0

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