REI Lense

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$2,504 (target)

7429 Aldrich Ave S, Richfield, MN 55423

3 beds • 2 baths • 1340 sqft

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This property looks like a bad Long-Term investment with a projected -8.49% first-year return on $79,254 initial cash invested.

-8.49%

Cash On Cash

4.52%

Cap Rate

0.77

DSCR

$2,504

Rent

-$561

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,504 income − $3,065 expenses = $561 out of pocket

Income$2,504Out of Pocket$561Mortgage P&I$1,85974%Property Taxes$43417%Insurance$1225%Management$25010%CapEx$1255%Vacancy$1506%Maintenance$1255%

Investment Breakdown

|

Purchase Price

$377k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,254

Downpayment

20%

$75,480

Closing costs

1%

$3,774

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,504

Total Expenses

$3,065

Mortgage P&I

74%

$1,859

Property Taxes

17%

$434

Home Insurance

5%

$122

HOA

0%

$0

Property Management

10%

$250

CapEx

5%

$125

Vacancy

6%

$150

Maintenance

5%

$125

Other

0%

$0

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