REI Lense

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$2,673 (target)

1462 68th Ave S, Fargo, ND 58104

3 beds • 3 baths • 2027 sqft

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This property looks like a bad Long-Term investment with a projected -6.96% first-year return on $80,199 initial cash invested.

-6.96%

Cash On Cash

5.29%

Cap Rate

0.84

DSCR

$2,673

Rent

-$465

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,673 income − $3,138 expenses = $465 out of pocket

Income$2,673Out of Pocket$465Mortgage P&I$2,01675%Property Taxes$29211%Insurance$1355%Management$26710%CapEx$1345%Vacancy$1606%Maintenance$1345%

Investment Breakdown

|

Purchase Price

$382k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,199

Downpayment

20%

$76,380

Closing costs

1%

$3,819

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,673

Total Expenses

$3,138

Mortgage P&I

75%

$2,016

Property Taxes

11%

$292

Home Insurance

5%

$135

HOA

0%

$0

Property Management

10%

$267

CapEx

5%

$134

Vacancy

6%

$160

Maintenance

5%

$134

Other

0%

$0

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