REI Lense

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$1,942 (target)

1669 6th St W, West Fargo, ND 58078

3 beds • 2 baths • 1672 sqft

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This property looks like a bad Long-Term investment with a projected -9.22% first-year return on $58,590 initial cash invested.

-9.22%

Cash On Cash

4.82%

Cap Rate

0.76

DSCR

$1,942

Rent

-$450

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,942 income − $2,392 expenses = $450 out of pocket

Income$1,942Out of Pocket$450Mortgage P&I$1,47376%Property Taxes$31616%Insurance$985%Management$19410%CapEx$975%Vacancy$1176%Maintenance$975%

Investment Breakdown

|

Purchase Price

$279k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$58,590

Downpayment

20%

$55,800

Closing costs

1%

$2,790

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,942

Total Expenses

$2,392

Mortgage P&I

76%

$1,473

Property Taxes

16%

$316

Home Insurance

5%

$98

HOA

0%

$0

Property Management

10%

$194

CapEx

5%

$97

Vacancy

6%

$117

Maintenance

5%

$97

Other

0%

$0

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