REI Lense

REI Lense

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$1,442 (target)

2110 7th Ave NW, Minot, ND 58703

3 beds • 2 baths • 2272 sqft

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This property looks like a bad Long-Term investment with a projected -14.57% first-year return on $56,343 initial cash invested.

-14.57%

Cash On Cash

3.45%

Cap Rate

0.56

DSCR

$1,442

Rent

-$684

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,442 income − $2,126 expenses = $684 out of pocket

Income$1,442Out of Pocket$684Mortgage P&I$1,38496%Property Taxes$26919%Insurance$987%Management$14410%CapEx$725%Vacancy$876%Maintenance$725%

Investment Breakdown

|

Purchase Price

$268k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$56,343

Downpayment

20%

$53,660

Closing costs

1%

$2,683

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,442

Total Expenses

$2,126

Mortgage P&I

96%

$1,384

Property Taxes

19%

$269

Home Insurance

7%

$98

HOA

0%

$0

Property Management

10%

$144

CapEx

5%

$72

Vacancy

6%

$87

Maintenance

5%

$72

Other

0%

$0

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