REI Lense

REI Lense

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$1,949 (target)

759 Trout Lake Rd, Grand Rapids, MN 55744

3 beds • 2 baths • 2008 sqft

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This property looks like a bad Long-Term investment with a projected -3.06% first-year return on $55,650 initial cash invested.

-3.06%

Cash On Cash

5.67%

Cap Rate

0.97

DSCR

$1,949

Rent

-$142

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,949 income − $2,091 expenses = $142 out of pocket

Income$1,949Out of Pocket$142Mortgage P&I$1,29867%Property Taxes$19410%Insurance$935%Management$19510%CapEx$975%Vacancy$1176%Maintenance$975%

Investment Breakdown

|

Purchase Price

$265k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$55,650

Downpayment

20%

$53,000

Closing costs

1%

$2,650

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,949

Total Expenses

$2,091

Mortgage P&I

67%

$1,298

Property Taxes

10%

$194

Home Insurance

5%

$93

HOA

0%

$0

Property Management

10%

$195

CapEx

5%

$97

Vacancy

6%

$117

Maintenance

5%

$97

Other

0%

$0

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