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$1,712 (target)

601 8th Ave NE, Minot, ND 58703

3 beds • 2 baths • 2022 sqft

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This property looks like a bad Long-Term investment with a projected -1.68% first-year return on $42,189 initial cash invested.

-1.68%

Cash On Cash

6.79%

Cap Rate

1.02

DSCR

$1,712

Rent

-$59

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,712 income − $1,771 expenses = $59 out of pocket

Income$1,712Out of Pocket$59Mortgage P&I$1,11065%Property Taxes$1619%Insurance$543%Management$17110%CapEx$865%Vacancy$1036%Maintenance$865%

Investment Breakdown

|

Purchase Price

$201k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$42,189

Downpayment

20%

$40,180

Closing costs

1%

$2,009

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,712

Total Expenses

$1,771

Mortgage P&I

65%

$1,110

Property Taxes

9%

$161

Home Insurance

3%

$54

HOA

0%

$0

Property Management

10%

$171

CapEx

5%

$86

Vacancy

6%

$103

Maintenance

5%

$86

Other

0%

$0

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