REI Lense

REI Lense

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$2,038 (target)

902 S 3rd Ave, Albert Lea, MN 56007

3 beds • 2 baths • 1824 sqft

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This property looks like a bad Mid-Term investment with a projected -1.88% first-year return on $65,229 initial cash invested.

-1.88%

Cash On Cash

6.17%

Cap Rate

0.98

DSCR

$2,038

Rent

-$102

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,038 income − $2,140 expenses = $102 out of pocket

Income$2,038Out of Pocket$102Mortgage P&I$1,17658%Property Taxes$1919%Insurance$794%Management$24512%CapEx$824%Vacancy$613%Maintenance$824%Other$22411%

Investment Breakdown

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Purchase Price

$225k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,229

Downpayment

20%

$44,980

Closing costs

1%

$2,249

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,038

Total Expenses

$2,140

Mortgage P&I

58%

$1,176

Property Taxes

9%

$191

Home Insurance

4%

$79

HOA

0%

$0

Property Management

12%

$245

CapEx

4%

$82

Vacancy

3%

$61

Maintenance

4%

$82

Other

11%

$224

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