REI Lense

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$1,557 (target)

212 18th St NW, Minot, ND 58703

3 beds • 2 baths • 1904 sqft

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This property looks like a bad Long-Term investment with a projected -6.33% first-year return on $43,806 initial cash invested.

-6.33%

Cash On Cash

5.45%

Cap Rate

0.86

DSCR

$1,557

Rent

-$231

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,557 income − $1,788 expenses = $231 out of pocket

Income$1,557Out of Pocket$231Mortgage P&I$1,10171%Property Taxes$18912%Insurance$936%Management$15610%CapEx$785%Vacancy$936%Maintenance$785%

Investment Breakdown

|

Purchase Price

$209k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$43,806

Downpayment

20%

$41,720

Closing costs

1%

$2,086

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,557

Total Expenses

$1,788

Mortgage P&I

71%

$1,101

Property Taxes

12%

$189

Home Insurance

6%

$93

HOA

0%

$0

Property Management

10%

$156

CapEx

5%

$78

Vacancy

6%

$93

Maintenance

5%

$78

Other

0%

$0

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