REI Lense

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$1,664 (target)

2820 1st Ave SW, 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 -14.73% first-year return on $66,150 initial cash invested.

-14.73%

Cash On Cash

3.41%

Cap Rate

0.55

DSCR

$1,664

Rent

-$812

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,664 income − $2,476 expenses = $812 out of pocket

Income$1,664Out of Pocket$812Mortgage P&I$1,62498%Property Taxes$31019%Insurance$1107%Management$16610%CapEx$835%Vacancy$1006%Maintenance$835%

Investment Breakdown

|

Purchase Price

$315k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,150

Downpayment

20%

$63,000

Closing costs

1%

$3,150

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,664

Total Expenses

$2,476

Mortgage P&I

98%

$1,624

Property Taxes

19%

$310

Home Insurance

7%

$110

HOA

0%

$0

Property Management

10%

$166

CapEx

5%

$83

Vacancy

6%

$100

Maintenance

5%

$83

Other

0%

$0

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