REI Lense

REI Lense

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$2,924 (target)

759 Trout Lake Rd, Grand Rapids, MN 55744

3 beds • 2 baths • 2008 sqft

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This property might be a fair Mid-Term investment with a projected 5.6% first-year return on $73,650 initial cash invested.

5.6%

Cash On Cash

7.97%

Cap Rate

1.36

DSCR

$2,924

Rent

$344

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$265k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,650

Downpayment

20%

$53,000

Closing costs

1%

$2,650

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,924

Total Expenses

$2,580

Mortgage P&I

44%

$1,298

Property Taxes

7%

$194

Home Insurance

3%

$93

HOA

0%

$0

Property Management

12%

$351

CapEx

4%

$117

Vacancy

3%

$88

Maintenance

4%

$117

Other

11%

$322

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