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864 Redwood Dr, Fairmont, MN 56031

3 beds • 3 baths • 2214 sqft

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This property might be a fair Mid-Term investment with a projected 1.08% first-year return on $58,929 initial cash invested.

1.08%

Cash On Cash

6.75%

Cap Rate

1.14

DSCR

$1,984

Rent

$53

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$195k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$58,929

Downpayment

20%

$38,980

Closing costs

1%

$1,949

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$1,984

Total Expenses

$1,931

Mortgage P&I

49%

$964

Property Taxes

11%

$225

Home Insurance

3%

$68

HOA

0%

$0

Property Management

12%

$238

CapEx

4%

$79

Vacancy

3%

$60

Maintenance

4%

$79

Other

11%

$218

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