REI Lense

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$2,265 (target)

2516 38th Ave S, Moorhead, MN 56560

3 beds • 2 baths • 1565 sqft

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This property looks like a bad Long-Term investment with a projected -5.47% first-year return on $68,712 initial cash invested.

-5.47%

Cash On Cash

6.02%

Cap Rate

0.89

DSCR

$2,265

Rent

-$313

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,265 income − $2,578 expenses = $313 out of pocket

Income$2,265Out of Pocket$313Mortgage P&I$1,84181%Property Taxes$352%Insurance$1145%Management$22610%CapEx$1135%Vacancy$1366%Maintenance$1135%

Investment Breakdown

|

Purchase Price

$327k

Downpayment

20.0%

Interest Rate

7.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,712

Downpayment

20%

$65,440

Closing costs

1%

$3,272

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,265

Total Expenses

$2,578

Mortgage P&I

81%

$1,841

Property Taxes

2%

$35

Home Insurance

5%

$114

HOA

0%

$0

Property Management

10%

$226

CapEx

5%

$113

Vacancy

6%

$136

Maintenance

5%

$113

Other

0%

$0

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