REI Lense

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$3,486 (target)

600 28th Ave SW, Minot, ND 58701

3 beds • 3 baths • 3072 sqft

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This property looks like a bad Mid-Term investment with a projected -12.33% first-year return on $139k initial cash invested.

-12.33%

Cash On Cash

3.53%

Cap Rate

0.57

DSCR

$3,486

Rent

-$1,426

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,486 income − $4,912 expenses = $1,426 out of pocket

Income$3,486Out of Pocket$1,426Mortgage P&I$2,97885%Property Taxes$54916%Insurance$2016%Management$41812%CapEx$1394%Vacancy$1053%Maintenance$1394%Other$38311%

Investment Breakdown

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Purchase Price

$575k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$139k

Downpayment

20%

$115k

Closing costs

1%

$5,749

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,486

Total Expenses

$4,912

Mortgage P&I

85%

$2,978

Property Taxes

16%

$549

Home Insurance

6%

$201

HOA

0%

$0

Property Management

12%

$418

CapEx

4%

$139

Vacancy

3%

$105

Maintenance

4%

$139

Other

11%

$383

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