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$1,475 (target)

3030 8th St N, Fargo, ND 58102

3 beds • 2 baths • 2320 sqft

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This property looks like a bad Long-Term investment with a projected -12.68% first-year return on $59,640 initial cash invested.

-12.68%

Cash On Cash

3.79%

Cap Rate

0.62

DSCR

$1,475

Rent

-$630

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,475 income − $2,105 expenses = $630 out of pocket

Income$1,475Out of Pocket$630Mortgage P&I$1,45499%Property Taxes$16811%Insurance$997%Management$14810%CapEx$745%Vacancy$886%Maintenance$745%

Investment Breakdown

|

Purchase Price

$284k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,640

Downpayment

20%

$56,800

Closing costs

1%

$2,840

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,475

Total Expenses

$2,105

Mortgage P&I

99%

$1,454

Property Taxes

11%

$168

Home Insurance

7%

$99

HOA

0%

$0

Property Management

10%

$148

CapEx

5%

$74

Vacancy

6%

$88

Maintenance

5%

$74

Other

0%

$0

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