REI Lense

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$3,653 (target)

8620 Irving Cir N, Lake Elmo, MN 55042

3 beds • 3 baths • 2596 sqft

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This property looks like a bad Long-Term investment with a projected -14.48% first-year return on $133k initial cash invested.

-14.48%

Cash On Cash

3.72%

Cap Rate

0.58

DSCR

$3,653

Rent

-$1,600

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,653 income − $5,253 expenses = $1,600 out of pocket

Income$3,653Out of Pocket$1,600Mortgage P&I$3,37692%Property Taxes$52614%Insurance$2316%HOA$1705%Management$36510%CapEx$1835%Vacancy$2196%Maintenance$1835%

Investment Breakdown

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Purchase Price

$631k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$133k

Downpayment

20%

$126k

Closing costs

1%

$6,313

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,653

Total Expenses

$5,253

Mortgage P&I

92%

$3,376

Property Taxes

14%

$526

Home Insurance

6%

$231

HOA

5%

$170

Property Management

10%

$365

CapEx

5%

$183

Vacancy

6%

$219

Maintenance

5%

$183

Other

0%

$0

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