REI Lense

REI Lense

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$2,404 (target)

991 Cortland Dr, Apple Valley, MN 55124

3 beds • 3 baths • 1244 sqft

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This property looks like a bad Long-Term investment with a projected -7.59% first-year return on $76,398 initial cash invested.

-7.59%

Cash On Cash

4.8%

Cap Rate

0.8

DSCR

$2,404

Rent

-$483

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,404 income − $2,887 expenses = $483 out of pocket

Income$2,404Out of Pocket$483Mortgage P&I$1,81976%Property Taxes$31413%Insurance$1305%Management$24010%CapEx$1205%Vacancy$1446%Maintenance$1205%

Investment Breakdown

|

Purchase Price

$364k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,398

Downpayment

20%

$72,760

Closing costs

1%

$3,638

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,404

Total Expenses

$2,887

Mortgage P&I

76%

$1,819

Property Taxes

13%

$314

Home Insurance

5%

$130

HOA

0%

$0

Property Management

10%

$240

CapEx

5%

$120

Vacancy

6%

$144

Maintenance

5%

$120

Other

0%

$0

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