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$2,948 (target)

1318 7th St S, Fargo, ND 58103

3 beds • 2 baths • 3088 sqft

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This property looks like a bad Mid-Term investment with a projected -8.16% first-year return on $118k initial cash invested.

-8.16%

Cash On Cash

4.35%

Cap Rate

0.72

DSCR

$2,948

Rent

-$801

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,948 income − $3,749 expenses = $801 out of pocket

Income$2,948Out of Pocket$801Mortgage P&I$2,40682%Property Taxes$1756%Insurance$1666%Management$35412%CapEx$1184%Vacancy$883%Maintenance$1184%Other$32411%

Investment Breakdown

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Purchase Price

$475k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$118k

Downpayment

20%

$94,980

Closing costs

1%

$4,749

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,948

Total Expenses

$3,749

Mortgage P&I

82%

$2,406

Property Taxes

6%

$175

Home Insurance

6%

$166

HOA

0%

$0

Property Management

12%

$354

CapEx

4%

$118

Vacancy

3%

$88

Maintenance

4%

$118

Other

11%

$324

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