REI Lense

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$2,270 (target)

101 18th St SE, Minot, ND 58701

3 beds • 2 baths • 1904 sqft

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This property looks like a bad Mid-Term investment with a projected -8.32% first-year return on $77,850 initial cash invested.

-8.32%

Cash On Cash

5.02%

Cap Rate

0.73

DSCR

$2,270

Rent

-$540

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,270 income − $2,810 expenses = $540 out of pocket

Income$2,270Out of Pocket$540Mortgage P&I$1,64172%Property Taxes$29713%Insurance$1004%Management$27212%CapEx$914%Vacancy$683%Maintenance$914%Other$25011%

Investment Breakdown

|

Purchase Price

$285k

Downpayment

20.0%

Interest Rate

7.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,850

Downpayment

20%

$57,000

Closing costs

1%

$2,850

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,270

Total Expenses

$2,810

Mortgage P&I

72%

$1,641

Property Taxes

13%

$297

Home Insurance

4%

$100

HOA

0%

$0

Property Management

12%

$272

CapEx

4%

$91

Vacancy

3%

$68

Maintenance

4%

$91

Other

11%

$250

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