REI Lense

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$3,596 (target)

3204 15th St SE, Minot, ND 58701

3 beds • 3 baths • 2446 sqft

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This property looks like a bad Mid-Term investment with a projected -3.87% first-year return on $103k initial cash invested.

-3.87%

Cash On Cash

5.8%

Cap Rate

0.91

DSCR

$3,596

Rent

-$331

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,596 income − $3,927 expenses = $331 out of pocket

Income$3,596Out of Pocket$331Mortgage P&I$2,13759%Property Taxes$41712%Insurance$1494%Management$43212%CapEx$1444%Vacancy$1083%Maintenance$1444%Other$39611%

Investment Breakdown

|

Purchase Price

$403k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$103k

Downpayment

20%

$80,640

Closing costs

1%

$4,032

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,596

Total Expenses

$3,927

Mortgage P&I

59%

$2,137

Property Taxes

12%

$417

Home Insurance

4%

$149

HOA

0%

$0

Property Management

12%

$432

CapEx

4%

$144

Vacancy

3%

$108

Maintenance

4%

$144

Other

11%

$396

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