REI Lense

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$4,012 (target)

504 6th St E, Horace, ND 58047

3 beds • 4 baths • 3140 sqft

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This property looks like a bad Mid-Term investment with a projected -6.18% first-year return on $114k initial cash invested.

-6.18%

Cash On Cash

5.12%

Cap Rate

0.82

DSCR

$4,012

Rent

-$587

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,012 income − $4,599 expenses = $587 out of pocket

Income$4,012Out of Pocket$587Mortgage P&I$2,37559%Property Taxes$70117%Insurance$1614%Management$48112%CapEx$1604%Vacancy$1203%Maintenance$1604%Other$44111%

Investment Breakdown

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Purchase Price

$457k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$114k

Downpayment

20%

$91,360

Closing costs

1%

$4,568

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,012

Total Expenses

$4,599

Mortgage P&I

59%

$2,375

Property Taxes

17%

$701

Home Insurance

4%

$161

HOA

0%

$0

Property Management

12%

$481

CapEx

4%

$160

Vacancy

3%

$120

Maintenance

4%

$160

Other

11%

$441

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