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$3,506 (target)

6892 Joseph St, Horace, ND 58047

3 beds • 2 baths • 2116 sqft

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This property might be a fair Mid-Term investment with a projected 0.74% first-year return on $97,443 initial cash invested.

0.74%

Cash On Cash

6.99%

Cap Rate

1.1

DSCR

$3,506

Rent

$60

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,506 income − $3,446 expenses = $60 cash flow

Income$3,506Mortgage P&I$2,00557%Property Taxes$1193%Insurance$1304%Management$42112%CapEx$1404%Vacancy$1053%Maintenance$1404%Other$38611%Cash Flow$60

Investment Breakdown

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Purchase Price

$378k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$97,443

Downpayment

20%

$75,660

Closing costs

1%

$3,783

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,506

Total Expenses

$3,446

Mortgage P&I

57%

$2,005

Property Taxes

3%

$119

Home Insurance

4%

$130

HOA

0%

$0

Property Management

12%

$421

CapEx

4%

$140

Vacancy

3%

$105

Maintenance

4%

$140

Other

11%

$386

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