REI Lense

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$2,434 (target)

2316 Parkside Dr, Minot, ND 58701

3 beds • 3 baths • 2464 sqft

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This property looks like a bad Mid-Term investment with a projected -12.86% first-year return on $99,900 initial cash invested.

-12.86%

Cash On Cash

3.83%

Cap Rate

0.56

DSCR

$2,434

Rent

-$1,071

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,434 income − $3,505 expenses = $1,071 out of pocket

Income$2,434Out of Pocket$1,071Mortgage P&I$2,21891%Property Taxes$30913%Insurance$1366%HOA$151%Management$29212%CapEx$974%Vacancy$733%Maintenance$974%Other$26811%

Investment Breakdown

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Purchase Price

$390k

Downpayment

20.0%

Interest Rate

7.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$99,900

Downpayment

20%

$78,000

Closing costs

1%

$3,900

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,434

Total Expenses

$3,505

Mortgage P&I

91%

$2,218

Property Taxes

13%

$309

Home Insurance

6%

$136

HOA

1%

$15

Property Management

12%

$292

CapEx

4%

$97

Vacancy

3%

$73

Maintenance

4%

$97

Other

11%

$268

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