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923 Summit Dr, Fairmont, MN 56031

3 beds • 3 baths • 3328 sqft

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This property looks like a bad Long-Term investment with a projected -6.93% first-year return on $52,479 initial cash invested.

-6.93%

Cash On Cash

5%

Cap Rate

0.83

DSCR

$1,707

Rent

-$303

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$250k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$52,479

Downpayment

20%

$49,980

Closing costs

1%

$2,499

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,707

Total Expenses

$2,010

Mortgage P&I

74%

$1,259

Property Taxes

13%

$220

Home Insurance

5%

$88

HOA

0%

$0

Property Management

10%

$171

CapEx

5%

$85

Vacancy

6%

$102

Maintenance

5%

$85

Other

0%

$0

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