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$1,623 (target)

2316 Parkside Dr, Minot, ND 58701

3 beds • 3 baths • 2464 sqft

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This property looks like a bad Long-Term investment with a projected -21.63% first-year return on $81,900 initial cash invested.

-21.63%

Cash On Cash

2.53%

Cap Rate

0.37

DSCR

$1,623

Rent

-$1,476

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,623 income − $3,099 expenses = $1,476 out of pocket

Income$1,623Out of Pocket$1,476Mortgage P&I$2,218137%Property Taxes$30919%Insurance$1368%HOA$151%Management$16210%CapEx$815%Vacancy$976%Maintenance$815%

Investment Breakdown

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Purchase Price

$390k

Downpayment

20.0%

Interest Rate

7.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,900

Downpayment

20%

$78,000

Closing costs

1%

$3,900

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,623

Total Expenses

$3,099

Mortgage P&I

137%

$2,218

Property Taxes

19%

$309

Home Insurance

8%

$136

HOA

1%

$15

Property Management

10%

$162

CapEx

5%

$81

Vacancy

6%

$97

Maintenance

5%

$81

Other

0%

$0

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