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$3,381 (target)

7438 Clinton Ave S, Richfield, MN 55423

3 beds • 3 baths • 2203 sqft

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This property looks like a bad Mid-Term investment with a projected -8% first-year return on $120k initial cash invested.

-8%

Cash On Cash

4.52%

Cap Rate

0.73

DSCR

$3,381

Rent

-$799

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,381 income − $4,180 expenses = $799 out of pocket

Income$3,381Out of Pocket$799Mortgage P&I$2,49174%Property Taxes$37011%Insurance$1705%Management$40612%CapEx$1354%Vacancy$1013%Maintenance$1354%Other$37211%

Investment Breakdown

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Purchase Price

$485k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$120k

Downpayment

20%

$97,000

Closing costs

1%

$4,850

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,381

Total Expenses

$4,180

Mortgage P&I

74%

$2,491

Property Taxes

11%

$370

Home Insurance

5%

$170

HOA

0%

$0

Property Management

12%

$406

CapEx

4%

$135

Vacancy

3%

$101

Maintenance

4%

$135

Other

11%

$372

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