REI Lense

REI Lense

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$2,655 (target)

9020 45th Ave N, New Hope, MN 55428

3 beds • 3 baths • 2162 sqft

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This property looks like a bad Long-Term investment with a projected -10.1% first-year return on $86,415 initial cash invested.

-10.1%

Cash On Cash

4.28%

Cap Rate

0.71

DSCR

$2,655

Rent

-$727

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,655 income − $3,382 expenses = $727 out of pocket

Income$2,655Out of Pocket$727Mortgage P&I$2,06178%Property Taxes$48618%Insurance$1445%Management$26610%CapEx$1335%Vacancy$1596%Maintenance$1335%

Investment Breakdown

|

Purchase Price

$412k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,415

Downpayment

20%

$82,300

Closing costs

1%

$4,115

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,655

Total Expenses

$3,382

Mortgage P&I

78%

$2,061

Property Taxes

18%

$486

Home Insurance

5%

$144

HOA

0%

$0

Property Management

10%

$266

CapEx

5%

$133

Vacancy

6%

$159

Maintenance

5%

$133

Other

0%

$0

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