REI Lense

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$1,405 (target)

2313 9th St S, Fargo, ND 58103

3 beds • 2 baths • 2080 sqft

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This property looks like a bad Long-Term investment with a projected -16.33% first-year return on $64,890 initial cash invested.

-16.33%

Cash On Cash

3.03%

Cap Rate

0.49

DSCR

$1,405

Rent

-$883

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,405 income − $2,288 expenses = $883 out of pocket

Income$1,405Out of Pocket$883Mortgage P&I$1,593113%Property Taxes$22316%Insurance$1088%Management$14010%CapEx$705%Vacancy$846%Maintenance$705%

Investment Breakdown

|

Purchase Price

$309k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,890

Downpayment

20%

$61,800

Closing costs

1%

$3,090

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,405

Total Expenses

$2,288

Mortgage P&I

113%

$1,593

Property Taxes

16%

$223

Home Insurance

8%

$108

HOA

0%

$0

Property Management

10%

$140

CapEx

5%

$70

Vacancy

6%

$84

Maintenance

5%

$70

Other

0%

$0

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