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1924 1st Ave SW, Minot, ND 58701

3 beds • 2 baths • 2220 sqft

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This property looks like a bad Airbnb investment with a projected -2.59% first-year return on $85,179 initial cash invested.

-2.59%

Cash On Cash

5.7%

Cap Rate

0.97

DSCR

$3,469

Rent

-$184

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,469 income − $3,653 expenses = $184 out of pocket

Income$3,469Out of Pocket$184Mortgage P&I$1,56545%Property Taxes$3119%Insurance$1123%Management$52015%CapEx$1394%Maintenance$1394%Other$86725%

Investment Breakdown

|

Purchase Price

$320k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,179

Downpayment

20%

$63,980

Closing costs

1%

$3,199

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,469

Total Expenses

$3,653

Mortgage P&I

45%

$1,565

Property Taxes

9%

$311

Home Insurance

3%

$112

HOA

0%

$0

Property Management

15%

$520

CapEx

4%

$139

Vacancy

0%

$0

Maintenance

4%

$139

Other

25%

$867

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