REI Lense

REI Lense

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$2,337 (target)

6892 Joseph St, Horace, ND 58047

3 beds • 2 baths • 2116 sqft

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This property looks like a bad Long-Term investment with a projected -7.93% first-year return on $79,443 initial cash invested.

-7.93%

Cash On Cash

5.07%

Cap Rate

0.8

DSCR

$2,337

Rent

-$525

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,337 income − $2,862 expenses = $525 out of pocket

Income$2,337Out of Pocket$525Mortgage P&I$2,00586%Property Taxes$1195%Insurance$1306%Management$23410%CapEx$1175%Vacancy$1406%Maintenance$1175%

Investment Breakdown

|

Purchase Price

$378k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,443

Downpayment

20%

$75,660

Closing costs

1%

$3,783

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,337

Total Expenses

$2,862

Mortgage P&I

86%

$2,005

Property Taxes

5%

$119

Home Insurance

6%

$130

HOA

0%

$0

Property Management

10%

$234

CapEx

5%

$117

Vacancy

6%

$140

Maintenance

5%

$117

Other

0%

$0

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