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8601 Fairview Ave N, New Hope, MN 55428

3 beds • 3 baths • 2242 sqft

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This property looks like a bad Airbnb investment with a projected -8.94% first-year return on $88,896 initial cash invested.

-8.94%

Cash On Cash

3.86%

Cap Rate

0.66

DSCR

$2,846

Rent

-$662

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,846 income − $3,508 expenses = $662 out of pocket

Income$2,846Out of Pocket$662Mortgage P&I$1,63357%Property Taxes$39214%Insurance$1164%Management$42715%CapEx$1144%Maintenance$1144%Other$71225%

Investment Breakdown

|

Purchase Price

$338k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$88,896

Downpayment

20%

$67,520

Closing costs

1%

$3,376

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,846

Total Expenses

$3,508

Mortgage P&I

57%

$1,633

Property Taxes

14%

$392

Home Insurance

4%

$116

HOA

0%

$0

Property Management

15%

$427

CapEx

4%

$114

Vacancy

0%

$0

Maintenance

4%

$114

Other

25%

$712

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