REI Lense

REI Lense

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$1,305 (target)

1508 8th St SW, Minot, ND 58701

3 beds • 2 baths • 2040 sqft

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This property looks like a bad Long-Term investment with a projected -17.16% first-year return on $60,690 initial cash invested.

-17.16%

Cash On Cash

2.91%

Cap Rate

0.47

DSCR

$1,305

Rent

-$868

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,305 income − $2,173 expenses = $868 out of pocket

Income$1,305Out of Pocket$868Mortgage P&I$1,505115%Property Taxes$22918%Insurance$1018%Management$13010%CapEx$655%Vacancy$786%Maintenance$655%

Investment Breakdown

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Purchase Price

$289k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$60,690

Downpayment

20%

$57,800

Closing costs

1%

$2,890

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,305

Total Expenses

$2,173

Mortgage P&I

115%

$1,505

Property Taxes

18%

$229

Home Insurance

8%

$101

HOA

0%

$0

Property Management

10%

$130

CapEx

5%

$65

Vacancy

6%

$78

Maintenance

5%

$65

Other

0%

$0

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