REI Lense

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$1,973 (target)

1608 13th St SW, Minot, ND 58701

3 beds • 3 baths • 1792 sqft

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This property looks like a bad Long-Term investment with a projected -14.15% first-year return on $79,800 initial cash invested.

-14.15%

Cash On Cash

3.5%

Cap Rate

0.57

DSCR

$1,973

Rent

-$941

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,973 income − $2,914 expenses = $941 out of pocket

Income$1,973Out of Pocket$941Mortgage P&I$1,95199%Property Taxes$31716%Insurance$1337%Management$19710%CapEx$995%Vacancy$1186%Maintenance$995%

Investment Breakdown

|

Purchase Price

$380k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,800

Downpayment

20%

$76,000

Closing costs

1%

$3,800

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,973

Total Expenses

$2,914

Mortgage P&I

99%

$1,951

Property Taxes

16%

$317

Home Insurance

7%

$133

HOA

0%

$0

Property Management

10%

$197

CapEx

5%

$99

Vacancy

6%

$118

Maintenance

5%

$99

Other

0%

$0

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