REI Lense

REI Lense

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$1,956 (target)

1828 9th St SW, Minot, ND 58701

3 beds • 2 baths • 2208 sqft

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This property looks like a bad Long-Term investment with a projected -9.12% first-year return on $60,921 initial cash invested.

-9.12%

Cash On Cash

4.65%

Cap Rate

0.75

DSCR

$1,956

Rent

-$463

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,956 income − $2,419 expenses = $463 out of pocket

Income$1,956Out of Pocket$463Mortgage P&I$1,48976%Property Taxes$31516%Insurance$1065%Management$19610%CapEx$985%Vacancy$1176%Maintenance$985%

Investment Breakdown

|

Purchase Price

$290k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$60,921

Downpayment

20%

$58,020

Closing costs

1%

$2,901

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,956

Total Expenses

$2,419

Mortgage P&I

76%

$1,489

Property Taxes

16%

$315

Home Insurance

5%

$106

HOA

0%

$0

Property Management

10%

$196

CapEx

5%

$98

Vacancy

6%

$117

Maintenance

5%

$98

Other

0%

$0

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