REI Lense

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$2,163 (target)

2110 7th Ave NW, Minot, ND 58703

3 beds • 2 baths • 2272 sqft

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This property looks like a bad Mid-Term investment with a projected -5.25% first-year return on $74,343 initial cash invested.

-5.25%

Cash On Cash

5.13%

Cap Rate

0.83

DSCR

$2,163

Rent

-$325

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,163 income − $2,488 expenses = $325 out of pocket

Income$2,163Out of Pocket$325Mortgage P&I$1,38464%Property Taxes$26912%Insurance$985%Management$26012%CapEx$874%Vacancy$653%Maintenance$874%Other$23811%

Investment Breakdown

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Purchase Price

$268k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,343

Downpayment

20%

$53,660

Closing costs

1%

$2,683

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,163

Total Expenses

$2,488

Mortgage P&I

64%

$1,384

Property Taxes

12%

$269

Home Insurance

5%

$98

HOA

0%

$0

Property Management

12%

$260

CapEx

4%

$87

Vacancy

3%

$65

Maintenance

4%

$87

Other

11%

$238

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