REI Lense

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$2,492 (target)

8142 Homestead Ave S, Cottage Grove, MN 55016

3 beds • 2 baths • 1584 sqft

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This property looks like a bad Long-Term investment with a projected -10.64% first-year return on $89,313 initial cash invested.

-10.64%

Cash On Cash

4%

Cap Rate

0.68

DSCR

$2,492

Rent

-$792

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,492 income − $3,284 expenses = $792 out of pocket

Income$2,492Out of Pocket$792Mortgage P&I$2,08684%Property Taxes$40016%Insurance$1496%Management$24910%CapEx$1255%Vacancy$1506%Maintenance$1255%

Investment Breakdown

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Purchase Price

$425k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,313

Downpayment

20%

$85,060

Closing costs

1%

$4,253

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,492

Total Expenses

$3,284

Mortgage P&I

84%

$2,086

Property Taxes

16%

$400

Home Insurance

6%

$149

HOA

0%

$0

Property Management

10%

$249

CapEx

5%

$125

Vacancy

6%

$150

Maintenance

5%

$125

Other

0%

$0

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