REI Lense

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$1,873 (target)

425 11th Ave NE, Minot, ND 58703

3 beds • 2 baths • 2184 sqft

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This property looks like a bad Long-Term investment with a projected -6.54% first-year return on $60,879 initial cash invested.

-6.54%

Cash On Cash

4.89%

Cap Rate

0.83

DSCR

$1,873

Rent

-$332

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,873 income − $2,205 expenses = $332 out of pocket

Income$1,873Out of Pocket$332Mortgage P&I$1,42076%Property Taxes$19610%Insurance$1025%Management$18710%CapEx$945%Vacancy$1126%Maintenance$945%

Investment Breakdown

|

Purchase Price

$290k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$60,879

Downpayment

20%

$57,980

Closing costs

1%

$2,899

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,873

Total Expenses

$2,205

Mortgage P&I

76%

$1,420

Property Taxes

10%

$196

Home Insurance

5%

$102

HOA

0%

$0

Property Management

10%

$187

CapEx

5%

$94

Vacancy

6%

$112

Maintenance

5%

$94

Other

0%

$0

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