REI Lense

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$1,872 (target)

915 11th St NW, Minot, ND 58703

3 beds • 2 baths • 1526 sqft

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This property looks like a bad Long-Term investment with a projected -5.75% first-year return on $54,705 initial cash invested.

-5.75%

Cash On Cash

5.41%

Cap Rate

0.87

DSCR

$1,872

Rent

-$262

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,872 income − $2,134 expenses = $262 out of pocket

Income$1,872Out of Pocket$262Mortgage P&I$1,34272%Property Taxes$21111%Insurance$945%Management$18710%CapEx$945%Vacancy$1126%Maintenance$945%

Investment Breakdown

|

Purchase Price

$261k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$54,705

Downpayment

20%

$52,100

Closing costs

1%

$2,605

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,872

Total Expenses

$2,134

Mortgage P&I

72%

$1,342

Property Taxes

11%

$211

Home Insurance

5%

$94

HOA

0%

$0

Property Management

10%

$187

CapEx

5%

$94

Vacancy

6%

$112

Maintenance

5%

$94

Other

0%

$0

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