REI Lense

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$1,035 (target)

1818 16th St S, Fargo, ND 58103

3 beds • 2 baths • 1126 sqft

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This property looks like a bad Long-Term investment with a projected -19.14% first-year return on $59,556 initial cash invested.

-19.14%

Cash On Cash

2.38%

Cap Rate

0.39

DSCR

$1,035

Rent

-$950

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,035 income − $1,985 expenses = $950 out of pocket

Income$1,035Out of Pocket$950Mortgage P&I$1,461141%Property Taxes$15415%Insurance$10010%Management$10410%CapEx$525%Vacancy$626%Maintenance$525%

Investment Breakdown

|

Purchase Price

$284k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,556

Downpayment

20%

$56,720

Closing costs

1%

$2,836

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,035

Total Expenses

$1,985

Mortgage P&I

141%

$1,461

Property Taxes

15%

$154

Home Insurance

10%

$100

HOA

0%

$0

Property Management

10%

$104

CapEx

5%

$52

Vacancy

6%

$62

Maintenance

5%

$52

Other

0%

$0

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