REI Lense

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$2,288 (target)

1525 Main St S, Minot, ND 58701

3 beds • 2 baths • 1812 sqft

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This property looks like a bad Mid-Term investment with a projected -1.8% first-year return on $70,689 initial cash invested.

-1.8%

Cash On Cash

6.1%

Cap Rate

0.99

DSCR

$2,288

Rent

-$106

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,288 income − $2,394 expenses = $106 out of pocket

Income$2,288Out of Pocket$106Mortgage P&I$1,28956%Property Taxes$23310%Insurance$924%Management$27512%CapEx$924%Vacancy$693%Maintenance$924%Other$25211%

Investment Breakdown

|

Purchase Price

$251k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,689

Downpayment

20%

$50,180

Closing costs

1%

$2,509

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,288

Total Expenses

$2,394

Mortgage P&I

56%

$1,289

Property Taxes

10%

$233

Home Insurance

4%

$92

HOA

0%

$0

Property Management

12%

$275

CapEx

4%

$92

Vacancy

3%

$69

Maintenance

4%

$92

Other

11%

$252

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