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$2,568 (target)

601 8th Ave NE, Minot, ND 58703

3 beds • 2 baths • 2022 sqft

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This property might be a fair Mid-Term investment with a projected 7.38% first-year return on $60,189 initial cash invested.

7.38%

Cash On Cash

9.46%

Cap Rate

1.43

DSCR

$2,568

Rent

$370

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,568 income − $2,198 expenses = $370 cash flow

Income$2,568Mortgage P&I$1,11043%Property Taxes$1616%Insurance$542%Management$30812%CapEx$1034%Vacancy$773%Maintenance$1034%Other$28211%Cash Flow$370

Investment Breakdown

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Purchase Price

$201k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$60,189

Downpayment

20%

$40,180

Closing costs

1%

$2,009

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,568

Total Expenses

$2,198

Mortgage P&I

43%

$1,110

Property Taxes

6%

$161

Home Insurance

2%

$54

HOA

0%

$0

Property Management

12%

$308

CapEx

4%

$103

Vacancy

3%

$77

Maintenance

4%

$103

Other

11%

$282

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