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$2,642 (target)

5 Glacial Ct, Minot, ND 58703

3 beds • 3 baths • 1848 sqft

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This property looks like a bad Mid-Term investment with a projected -8.08% first-year return on $98,850 initial cash invested.

-8.08%

Cash On Cash

4.39%

Cap Rate

0.72

DSCR

$2,642

Rent

-$666

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,642 income − $3,308 expenses = $666 out of pocket

Income$2,642Out of Pocket$666Mortgage P&I$1,96975%Property Taxes$30512%Insurance$1355%Management$31712%CapEx$1064%Vacancy$793%Maintenance$1064%Other$29111%

Investment Breakdown

|

Purchase Price

$385k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$98,850

Downpayment

20%

$77,000

Closing costs

1%

$3,850

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,642

Total Expenses

$3,308

Mortgage P&I

75%

$1,969

Property Taxes

12%

$305

Home Insurance

5%

$135

HOA

0%

$0

Property Management

12%

$317

CapEx

4%

$106

Vacancy

3%

$79

Maintenance

4%

$106

Other

11%

$291

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