REI Lense

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$1,929 (target)

502 21st Ave N, Fargo, ND 58102

3 beds • 2 baths • 1616 sqft

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This property looks like a bad Long-Term investment with a projected -11.9% first-year return on $60,312 initial cash invested.

-11.9%

Cash On Cash

4.73%

Cap Rate

0.69

DSCR

$1,929

Rent

-$598

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,929 income − $2,527 expenses = $598 out of pocket

Income$1,929Out of Pocket$598Mortgage P&I$1,63485%Property Taxes$29015%Insurance$1025%Management$19310%CapEx$965%Vacancy$1166%Maintenance$965%

Investment Breakdown

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Purchase Price

$287k

Downpayment

20.0%

Interest Rate

7.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$60,312

Downpayment

20%

$57,440

Closing costs

1%

$2,872

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,929

Total Expenses

$2,527

Mortgage P&I

85%

$1,634

Property Taxes

15%

$290

Home Insurance

5%

$102

HOA

0%

$0

Property Management

10%

$193

CapEx

5%

$96

Vacancy

6%

$116

Maintenance

5%

$96

Other

0%

$0

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