REI Lense

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$2,859 (target)

1204 6th St NE, Minot, ND 58703

3 beds • 3 baths • 2343 sqft

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This property looks like a bad Mid-Term investment with a projected -6.43% first-year return on $92,445 initial cash invested.

-6.43%

Cash On Cash

5.05%

Cap Rate

0.8

DSCR

$2,859

Rent

-$495

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,859 income − $3,354 expenses = $495 out of pocket

Income$2,859Out of Pocket$495Mortgage P&I$1,87265%Property Taxes$38213%Insurance$1295%Management$34312%CapEx$1144%Vacancy$863%Maintenance$1144%Other$31411%

Investment Breakdown

|

Purchase Price

$355k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$92,445

Downpayment

20%

$70,900

Closing costs

1%

$3,545

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,859

Total Expenses

$3,354

Mortgage P&I

65%

$1,872

Property Taxes

13%

$382

Home Insurance

5%

$129

HOA

0%

$0

Property Management

12%

$343

CapEx

4%

$114

Vacancy

3%

$86

Maintenance

4%

$114

Other

11%

$314

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