REI Lense

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$3,606 (target)

991 Cortland Dr, Apple Valley, MN 55124

3 beds • 3 baths • 1244 sqft

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This property might be a fair Mid-Term investment with a projected 1.49% first-year return on $94,398 initial cash invested.

1.49%

Cash On Cash

6.86%

Cap Rate

1.14

DSCR

$3,606

Rent

$117

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,606 income − $3,489 expenses = $117 cash flow

Income$3,606Mortgage P&I$1,81950%Property Taxes$3149%Insurance$1304%Management$43312%CapEx$1444%Vacancy$1083%Maintenance$1444%Other$39711%Cash Flow$117

Investment Breakdown

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Purchase Price

$364k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$94,398

Downpayment

20%

$72,760

Closing costs

1%

$3,638

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,606

Total Expenses

$3,489

Mortgage P&I

50%

$1,819

Property Taxes

9%

$314

Home Insurance

4%

$130

HOA

0%

$0

Property Management

12%

$433

CapEx

4%

$144

Vacancy

3%

$108

Maintenance

4%

$144

Other

11%

$397

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