REI Lense

REI Lense

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$2,117 (target)

310 1st Ave NE, Mandan, ND 58554

3 beds • 2 baths • 1560 sqft

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This property might be a fair Long-Term investment with a projected 5.96% first-year return on $47,082 initial cash invested.

5.96%

Cash On Cash

8.11%

Cap Rate

1.29

DSCR

$2,117

Rent

$234

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,117 income − $1,883 expenses = $234 cash flow

Income$2,117Mortgage P&I$1,17656%Property Taxes$764%Insurance$804%Management$21210%CapEx$1065%Vacancy$1276%Maintenance$1065%Cash Flow$234

Investment Breakdown

|

Purchase Price

$224k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$47,082

Downpayment

20%

$44,840

Closing costs

1%

$2,242

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,117

Total Expenses

$1,883

Mortgage P&I

56%

$1,176

Property Taxes

4%

$76

Home Insurance

4%

$80

HOA

0%

$0

Property Management

10%

$212

CapEx

5%

$106

Vacancy

6%

$127

Maintenance

5%

$106

Other

0%

$0

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