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8386 Harkness Rd S, Cottage Grove, MN 55016

3 beds • 3 baths • 2268 sqft

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This property looks like a bad Airbnb investment with a projected -7.63% first-year return on $98,115 initial cash invested.

-7.63%

Cash On Cash

4.66%

Cap Rate

0.75

DSCR

$3,470

Rent

-$624

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,470 income − $4,094 expenses = $624 out of pocket

Income$3,470Out of Pocket$624Mortgage P&I$1,96757%Property Taxes$33310%Insurance$1284%Management$52015%CapEx$1394%Maintenance$1394%Other$86825%

Investment Breakdown

|

Purchase Price

$382k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$98,115

Downpayment

20%

$76,300

Closing costs

1%

$3,815

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,470

Total Expenses

$4,094

Mortgage P&I

57%

$1,967

Property Taxes

10%

$333

Home Insurance

4%

$128

HOA

0%

$0

Property Management

15%

$520

CapEx

4%

$139

Vacancy

0%

$0

Maintenance

4%

$139

Other

25%

$868

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