REI Lense

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$1,958 (target)

1508 8th St SW, Minot, ND 58701

3 beds • 2 baths • 2040 sqft

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This property looks like a bad Mid-Term investment with a projected -8.27% first-year return on $78,690 initial cash invested.

-8.27%

Cash On Cash

4.32%

Cap Rate

0.69

DSCR

$1,958

Rent

-$542

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,958 income − $2,500 expenses = $542 out of pocket

Income$1,958Out of Pocket$542Mortgage P&I$1,50577%Property Taxes$22912%Insurance$1015%Management$23512%CapEx$784%Vacancy$593%Maintenance$784%Other$21511%

Investment Breakdown

|

Purchase Price

$289k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,690

Downpayment

20%

$57,800

Closing costs

1%

$2,890

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$1,958

Total Expenses

$2,500

Mortgage P&I

77%

$1,505

Property Taxes

12%

$229

Home Insurance

5%

$101

HOA

0%

$0

Property Management

12%

$235

CapEx

4%

$78

Vacancy

3%

$59

Maintenance

4%

$78

Other

11%

$215

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