REI Lense

REI Lense

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$1,681 (target)

1119 11th Ave N, Fargo, ND 58102

3 beds • 2 baths • 1508 sqft

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This property looks like a bad Long-Term investment with a projected -3.71% first-year return on $45,003 initial cash invested.

-3.71%

Cash On Cash

5.85%

Cap Rate

0.95

DSCR

$1,681

Rent

-$139

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,681 income − $1,820 expenses = $139 out of pocket

Income$1,681Out of Pocket$139Mortgage P&I$1,10065%Property Taxes$20612%Insurance$775%Management$16810%CapEx$845%Vacancy$1016%Maintenance$845%

Investment Breakdown

|

Purchase Price

$214k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$45,003

Downpayment

20%

$42,860

Closing costs

1%

$2,143

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,681

Total Expenses

$1,820

Mortgage P&I

65%

$1,100

Property Taxes

12%

$206

Home Insurance

5%

$77

HOA

0%

$0

Property Management

10%

$168

CapEx

5%

$84

Vacancy

6%

$101

Maintenance

5%

$84

Other

0%

$0

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