REI Lense

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$3,290 (target)

8 27th St NW, Minot, ND 58703

3 beds • 2 baths • 2916 sqft

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This property looks like a bad Mid-Term investment with a projected -11.39% first-year return on $116k initial cash invested.

-11.39%

Cash On Cash

4.27%

Cap Rate

0.63

DSCR

$3,290

Rent

-$1,098

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,290 income − $4,388 expenses = $1,098 out of pocket

Income$3,290Out of Pocket$1,098Mortgage P&I$2,62180%Property Taxes$48415%Insurance$1635%Management$39512%CapEx$1324%Vacancy$993%Maintenance$1324%Other$36211%

Investment Breakdown

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Purchase Price

$465k

Downpayment

20.0%

Interest Rate

7.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$116k

Downpayment

20%

$93,000

Closing costs

1%

$4,650

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,290

Total Expenses

$4,388

Mortgage P&I

80%

$2,621

Property Taxes

15%

$484

Home Insurance

5%

$163

HOA

0%

$0

Property Management

12%

$395

CapEx

4%

$132

Vacancy

3%

$99

Maintenance

4%

$132

Other

11%

$362

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