REI Lense

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$2,518 (target)

810 SE 7th St, Grand Rapids, MN 55744

3 beds • 2 baths • 1368 sqft

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This property might be a fair Mid-Term investment with a projected 6.04% first-year return on $64,536 initial cash invested.

6.04%

Cash On Cash

8.3%

Cap Rate

1.39

DSCR

$2,518

Rent

$325

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,518 income − $2,193 expenses = $325 cash flow

Income$2,518Mortgage P&I$1,10644%Property Taxes$1516%Insurance$793%Management$30212%CapEx$1014%Vacancy$763%Maintenance$1014%Other$27711%Cash Flow$325

Investment Breakdown

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Purchase Price

$222k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,536

Downpayment

20%

$44,320

Closing costs

1%

$2,216

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,518

Total Expenses

$2,193

Mortgage P&I

44%

$1,106

Property Taxes

6%

$151

Home Insurance

3%

$79

HOA

0%

$0

Property Management

12%

$302

CapEx

4%

$101

Vacancy

3%

$76

Maintenance

4%

$101

Other

11%

$277

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