Updated over 5 years ago on .
St Paul Househack Analysis
| Property Address | 588 Lawson Ave E, STP 55130 |
| MLS# | 5610704 |
| Number of Units (Duplex, Triplex, 4plex) | 2 |
| Crime Rating (Low/Medium/High) | Medium |
| Property Listing Price | $ 249,900.00 |
| Rehab Needed? (None/Light/Medium/Heavy/Full) | None |
| Square Footage | 1,920 |
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| MINIMUM Down Payment Required for Purchase (5%) | $ 12,495.00 |
| Conventional Loan Amount (Total - Down payment) | $ 237,405.00 |
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| Utilities (Varies by Property) | ||
| Electricity | ||
| Water & Sewer | 100.00 | |
| Garbage | 60.00 | |
| Shoveling/Lawn Care | 140 | |
| Total | $ 300.00 |
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| FULL OCCUPANCY CASH FLOW | |||||||||||||||||
| Est. Monthly Rent (using www.myrentrates.com) | $ 2,480.00 | ||||||||||||||||
| 1% Rule (Rent should be 1% of Purchase + Rehab) | $ 2,499.00 | ||||||||||||||||
| Does this PASS the 1% Rule? | NO | ||||||||||||||||
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| Est. Monthly Payment (PITI + PMI) - Mortg. Calculator | $ 1,600.88 | ||||||||||||||||
| Est. Monthly OpEx (PITI + PMI + Utilities + Reserves) | $ 2,372.08 | ||||||||||||||||
| Est. Monthly Cash flow (Rent - OpEx) | $ 107.92 | ||||||||||||||||
| CoCRoI | 10.4% |
| HOUSEHACKING CASH FLOW | |
| Est. Monthly Rents | $ 1,902.50 |
| 1% Rule | $ 2,499.00 |
| Does this PASS the 1% Rule? | NO |
| Est. Monthly Payment | $ 1,600.88 |
| Est. Monthly OpEx | $ 2,372.08 |
| Est. Monthly Cash flow | $ (329.58) |
| CoCRoI | -31.7% |
Deal would pass muster ($100/door) if I lowered reserves to 15% instead of 19%, but trying to be more conservative with my reserves, so this deal is a no go for me.