REI Lense

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$2,912 (target)

413 13th Ave NE, Minot, ND 58703

3 beds • 2 baths • 1960 sqft

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This property looks like a bad Mid-Term investment with a projected -7.07% first-year return on $97,632 initial cash invested.

-7.07%

Cash On Cash

4.59%

Cap Rate

0.76

DSCR

$2,912

Rent

-$575

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,912 income − $3,487 expenses = $575 out of pocket

Income$2,912Out of Pocket$575Mortgage P&I$1,90966%Property Taxes$45416%Insurance$1365%Management$34912%CapEx$1164%Vacancy$873%Maintenance$1164%Other$32011%

Investment Breakdown

|

Purchase Price

$379k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$97,632

Downpayment

20%

$75,840

Closing costs

1%

$3,792

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,912

Total Expenses

$3,487

Mortgage P&I

66%

$1,909

Property Taxes

16%

$454

Home Insurance

5%

$136

HOA

0%

$0

Property Management

12%

$349

CapEx

4%

$116

Vacancy

3%

$87

Maintenance

4%

$116

Other

11%

$320

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