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$2,960 (target)

1608 13th St SW, Minot, ND 58701

3 beds • 3 baths • 1792 sqft

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This property looks like a bad Mid-Term investment with a projected -5.48% first-year return on $97,800 initial cash invested.

-5.48%

Cash On Cash

5.12%

Cap Rate

0.83

DSCR

$2,960

Rent

-$447

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,960 income − $3,407 expenses = $447 out of pocket

Income$2,960Out of Pocket$447Mortgage P&I$1,95166%Property Taxes$31711%Insurance$1334%Management$35512%CapEx$1184%Vacancy$893%Maintenance$1184%Other$32611%

Investment Breakdown

|

Purchase Price

$380k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$97,800

Downpayment

20%

$76,000

Closing costs

1%

$3,800

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,960

Total Expenses

$3,407

Mortgage P&I

66%

$1,951

Property Taxes

11%

$317

Home Insurance

4%

$133

HOA

0%

$0

Property Management

12%

$355

CapEx

4%

$118

Vacancy

3%

$89

Maintenance

4%

$118

Other

11%

$326

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