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$3,654 (target)

6281 86th Ave S, Horace, ND 58047

3 beds • 3 baths • 1809 sqft

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This property looks like a bad Mid-Term investment with a projected -5.24% first-year return on $126k initial cash invested.

-5.24%

Cash On Cash

5.43%

Cap Rate

0.85

DSCR

$3,654

Rent

-$551

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,654 income − $4,205 expenses = $551 out of pocket

Income$3,654Out of Pocket$551Mortgage P&I$2,73575%Property Taxes$481%Insurance$1805%Management$43812%CapEx$1464%Vacancy$1103%Maintenance$1464%Other$40211%

Investment Breakdown

|

Purchase Price

$515k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$126k

Downpayment

20%

$103k

Closing costs

1%

$5,150

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,654

Total Expenses

$4,205

Mortgage P&I

75%

$2,735

Property Taxes

1%

$48

Home Insurance

5%

$180

HOA

0%

$0

Property Management

12%

$438

CapEx

4%

$146

Vacancy

3%

$110

Maintenance

4%

$146

Other

11%

$402

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