REI Lense

REI Lense

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$2,397 (target)

3204 15th St SE, Minot, ND 58701

3 beds • 3 baths • 2446 sqft

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This property looks like a bad Long-Term investment with a projected -13.18% first-year return on $84,672 initial cash invested.

-13.18%

Cash On Cash

3.95%

Cap Rate

0.62

DSCR

$2,397

Rent

-$930

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,397 income − $3,327 expenses = $930 out of pocket

Income$2,397Out of Pocket$930Mortgage P&I$2,13789%Property Taxes$41717%Insurance$1496%Management$24010%CapEx$1205%Vacancy$1446%Maintenance$1205%

Investment Breakdown

|

Purchase Price

$403k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$84,672

Downpayment

20%

$80,640

Closing costs

1%

$4,032

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,397

Total Expenses

$3,327

Mortgage P&I

89%

$2,137

Property Taxes

17%

$417

Home Insurance

6%

$149

HOA

0%

$0

Property Management

10%

$240

CapEx

5%

$120

Vacancy

6%

$144

Maintenance

5%

$120

Other

0%

$0

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