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$2,760 (target)

2620 Southgate Dr S, Fargo, ND 58103

3 beds • 2 baths • 1932 sqft

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This property looks like a bad Mid-Term investment with a projected -4.37% first-year return on $87,090 initial cash invested.

-4.37%

Cash On Cash

5.44%

Cap Rate

0.88

DSCR

$2,760

Rent

-$317

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,760 income − $3,077 expenses = $317 out of pocket

Income$2,760Out of Pocket$317Mortgage P&I$1,69962%Property Taxes$32412%Insurance$1164%Management$33112%CapEx$1104%Vacancy$833%Maintenance$1104%Other$30411%

Investment Breakdown

|

Purchase Price

$329k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$87,090

Downpayment

20%

$65,800

Closing costs

1%

$3,290

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,760

Total Expenses

$3,077

Mortgage P&I

62%

$1,699

Property Taxes

12%

$324

Home Insurance

4%

$116

HOA

0%

$0

Property Management

12%

$331

CapEx

4%

$110

Vacancy

3%

$83

Maintenance

4%

$110

Other

11%

$304

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