REI Lense

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$2,436 (target)

6281 86th Ave S, Horace, ND 58047

3 beds • 3 baths • 1809 sqft

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This property looks like a bad Long-Term investment with a projected -12.88% first-year return on $108k initial cash invested.

-12.88%

Cash On Cash

3.95%

Cap Rate

0.62

DSCR

$2,436

Rent

-$1,161

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,436 income − $3,597 expenses = $1,161 out of pocket

Income$2,436Out of Pocket$1,161Mortgage P&I$2,735112%Property Taxes$482%Insurance$1807%Management$24410%CapEx$1225%Vacancy$1466%Maintenance$1225%

Investment Breakdown

|

Purchase Price

$515k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$108k

Downpayment

20%

$103k

Closing costs

1%

$5,150

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,436

Total Expenses

$3,597

Mortgage P&I

112%

$2,735

Property Taxes

2%

$48

Home Insurance

7%

$180

HOA

0%

$0

Property Management

10%

$244

CapEx

5%

$122

Vacancy

6%

$146

Maintenance

5%

$122

Other

0%

$0

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