REI Lense

REI Lense

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$2,585 (target)

812 61st St W, Minneapolis, MN 55419

3 beds • 2 baths • 2446 sqft

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This property looks like a bad Long-Term investment with a projected -7.19% first-year return on $73,395 initial cash invested.

-7.19%

Cash On Cash

4.98%

Cap Rate

0.82

DSCR

$2,585

Rent

-$440

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,585 income − $3,025 expenses = $440 out of pocket

Income$2,585Out of Pocket$440Mortgage P&I$1,76268%Property Taxes$47018%Insurance$1225%Management$25810%CapEx$1295%Vacancy$1556%Maintenance$1295%

Investment Breakdown

|

Purchase Price

$350k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,395

Downpayment

20%

$69,900

Closing costs

1%

$3,495

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,585

Total Expenses

$3,025

Mortgage P&I

68%

$1,762

Property Taxes

18%

$470

Home Insurance

5%

$122

HOA

0%

$0

Property Management

10%

$258

CapEx

5%

$129

Vacancy

6%

$155

Maintenance

5%

$129

Other

0%

$0

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