REI Lense

REI Lense

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$2,618 (target)

8945 Colfax Ave S, Bloomington, MN 55420

3 beds • 2 baths • 2187 sqft

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This property looks like a bad Long-Term investment with a projected -7.16% first-year return on $77,784 initial cash invested.

-7.16%

Cash On Cash

5.12%

Cap Rate

0.83

DSCR

$2,618

Rent

-$464

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,618 income − $3,082 expenses = $464 out of pocket

Income$2,618Out of Pocket$464Mortgage P&I$1,91473%Property Taxes$35714%Insurance$1305%Management$26210%CapEx$1315%Vacancy$1576%Maintenance$1315%

Investment Breakdown

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Purchase Price

$370k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,784

Downpayment

20%

$74,080

Closing costs

1%

$3,704

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,618

Total Expenses

$3,082

Mortgage P&I

73%

$1,914

Property Taxes

14%

$357

Home Insurance

5%

$130

HOA

0%

$0

Property Management

10%

$262

CapEx

5%

$131

Vacancy

6%

$157

Maintenance

5%

$131

Other

0%

$0

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