REI Lense

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$1,906 (target)

1204 6th St NE, Minot, ND 58703

3 beds • 3 baths • 2343 sqft

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This property looks like a bad Long-Term investment with a projected -15.67% first-year return on $74,445 initial cash invested.

-15.67%

Cash On Cash

3.37%

Cap Rate

0.53

DSCR

$1,906

Rent

-$972

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,906 income − $2,878 expenses = $972 out of pocket

Income$1,906Out of Pocket$972Mortgage P&I$1,87298%Property Taxes$38220%Insurance$1297%Management$19110%CapEx$955%Vacancy$1146%Maintenance$955%

Investment Breakdown

|

Purchase Price

$355k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,445

Downpayment

20%

$70,900

Closing costs

1%

$3,545

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,906

Total Expenses

$2,878

Mortgage P&I

98%

$1,872

Property Taxes

20%

$382

Home Insurance

7%

$129

HOA

0%

$0

Property Management

10%

$191

CapEx

5%

$95

Vacancy

6%

$114

Maintenance

5%

$95

Other

0%

$0

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