REI Lense

REI Lense

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$1,709 (target)

1842 15th St S, Fargo, ND 58103

3 beds • 2 baths • 1676 sqft

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This property looks like a bad Long-Term investment with a projected -8.49% first-year return on $55,692 initial cash invested.

-8.49%

Cash On Cash

4.96%

Cap Rate

0.78

DSCR

$1,709

Rent

-$394

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,709 income − $2,103 expenses = $394 out of pocket

Income$1,709Out of Pocket$394Mortgage P&I$1,40582%Property Taxes$1619%Insurance$935%Management$17110%CapEx$855%Vacancy$1036%Maintenance$855%

Investment Breakdown

|

Purchase Price

$265k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$55,692

Downpayment

20%

$53,040

Closing costs

1%

$2,652

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,709

Total Expenses

$2,103

Mortgage P&I

82%

$1,405

Property Taxes

9%

$161

Home Insurance

5%

$93

HOA

0%

$0

Property Management

10%

$171

CapEx

5%

$85

Vacancy

6%

$103

Maintenance

5%

$85

Other

0%

$0

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